Real estate purchase three financing proposals

Because the variant is generally more expensive than the classic annuity loan. But it doesn't look like that in your case right now.

However, the 2.80% is not necessarily a top interest rate. There should be some room on the market.

Question about variant 3:
How does such a low rate arise during repayment after the accumulation phase? You should have saved approximately €123k after 12.5 years and thus still need to finance €217k. But that does not match the rate.
What are the closing fees for the home savings contract? Are they credited to the loan?

mh I don't know. I just saw that the bank also included the employer’s savings subsidy of €40... it actually shouldn’t. The closing fee is €3,400 and must be paid separately. It is not included in the installments. Should the rate be higher according to your calculation?

There are very good loan calculators on the internet. Enter the numbers there.

2. is very difficult to compare with the others because of different installments; the interest rate alone does not necessarily tell you which is the best offer. If I see it correctly, with 2. you have 160€ less monthly during the savings phase? That makes a comparison mathematically a bit more complicated. If the lead time was included in 3., that is definitely a difference. 40€ *12*26.5 = 12,700€ !! Without the saved compound interest. Enter 1. into a loan calculator and increase the installment by 40€. And don’t forget the upfront fee in your calculation. If that is not accounted for, you effectively have a lower net amount by that amount.

There are very good loan calculators on the internet. Just enter the numbers there.

2. is very hard to compare with the others, as they have different rates; the interest rate alone doesn't necessarily tell you which is the best offer. If I see that correctly, in 2. you pay €160 less per month during the savings phase? That makes a comparison mathematically a bit more complicated. If the advance payments were included in 3., that is definitely a difference. €40 * 12 * 26.5 = €12,700!! Without the saved compound interest. Enter 1. into a loan calculator and increase the rate by €40. And don’t forget the processing fee in your calculation. If it is not factored in, you practically have a lower net amount by that sum.

Thank you for your advice. I have now increased the rate in 1. by €40 and also included the Baukindergeld as a special repayment. That also brings me to about 27 years. Man, this is complicated. Intuitively, I would prefer No. 1... everything is fixed and comprehensible for me. Unfortunately, I find 2.8% interest rate quite high. By Monday, we want/need to decide. I would have liked to inquire with a broker as well, but my husband is totally against it. The offers are from our main banks, building society, and an insurance company.

Yes, it's a bit complicated. :-)

You have 100% financing. Unfortunately, you won't get top conditions.
Do you really want to be fully secured by the interest rates? Depending on the bank, the jump in recent years (for example from 25 to 30) is not insignificant. Is splitting an option? Or maybe just 25 years? With the same rate, you might save two or three tenths in interest, which in turn increases your repayment. Residual risk is manageable because the remaining debt is no longer large.

Is your house bank a regional one? I would definitely go to a second regional one.

If you enter the complete payment stream for each variant into a spreadsheet, you can calculate the internal rate of return. The variant with the lowest value is the most attractive. For variant 1, it should be 2.86% (the effective interest rate).

For combinations of [Bausparern] and loans, providers usually (never?) state the mixed effective interest rate (I wonder why?). However, you need this value to compare the offer with a classic annuity loan.

My advice: Have annuity loans with an interest fixation period of 15 and 20 years offered to you. The rate should be 1400 euros.

No. 3 reads well! In the end, it's always about the total sum to be repaid. I also like working with building savings contracts because of the flexibility. For example, Signal Iduna made us an offer in 2014 for a 30-year fixed interest rate with the option to repay as much as you want after 6 years!

Next year we are building and in 2020 we will repay the loans free of charge, I’m writing this so you have an example. Sometimes things turn out differently.......... today we are happy to have arranged it that way!

Did you go to the loan broker? Or did you go through the financing partners individually?

Good luck