Realistic monthly rate

: Did you have a chance to read the last on-topic posts?

They tend to get lost easily

Yes, as I said, the offer from the Sparkasse was in spring, at that time the land costs were not fixed yet and the architect only had a first draft. It was only about whether we could get a loan under these conditions. 1350 is of course, considering the opinions here, already the upper limit of what will be possible for us. And it is not guaranteed that we will get these conditions again now.
The new calculation was recently made by an Interhyp advisor for 480k, accordingly the differences.

The goal now is to get back to a realistic total amount and then see what the banks say about it.

Oh, and I don't currently know whether the loan from the Sparkasse included a home savings contract, I would have to check that. The employee had calculated several alternatives for me, including with a home savings contract and Riester, etc.

, of course you should acknowledge that and you do.

But you should also consider that tone makes the music and it can be a bit "annoying" when the user constantly brags with his numbers.

There are users here who build with similar volumes and do not constantly flaunt their construction costs!

With you always get the feeling, my car, my house, my boat

Famous last words on that:

Yes and yes. Steffen definitely writes somewhat provocatively, reveals things that not everyone would communicate so openly – and then there are those users who are only too happy to engage in a little back-and-forth with him.

You can find it entertaining or not, you can let it run "until someone cries," but I think it’s time to steer the thread back to the topic. No one has been warned here either, so everything (as far as I’ve read) is within the rules, and if you really want to tease each other a bit, there’s an OT forum for that, you can use private messages, and you can also find platforms on the big wide internet where that fits better.

Best regards
Dirk Grafe

Oh, I don't currently know if the loan from the Sparkasse included a building society savings contract, I would have to check. The employee calculated several alternatives for me, including with a building society savings contract and Riester, etc.

That's why my question

Many Sparkassen have a max of 15 years; beyond that, they work with building society contract constructions.

With Riester actively involved in such a construction, you really have to calculate until the "end"; the housing promotion account really gets a shock...

For example, if you do 200,000 with TA/building society contract over a total of 25-30 years and Riester, the housing promotion account at retirement can have around 200,000 EUR (assuming you base the construction on 2x2100 subsidies).

The lump sum payment would indeed come with a 30% discount; but with today's top tax rate, you have about €58,000 to pay.

During the consultation, they often only mention how much faster you pay off; or how much taxes you save during your working life through Riester.

That's why my question

Many savings banks have a max of 15 years; beyond that, people work with building loan contract constructs.

When Riester is actively involved in such a construct, you really have to calculate until the "end"; the housing promotion account really wobbles with that...

For example, if you do 200,000 with TA/building loan contract over a total of 25-30 years and Riester, the housing promotion account can have around 200,000 EUR at retirement (assuming you structure the construct with 2x2100 subsidies).

The lump sum payment would be with a 30% discount; but with today's highest tax rate, you have ~58,000 to pay.

During the consultation, they like to only mention how much faster you pay off; or how much tax you save during your working life through Riester.

That's why these constructs are not an option for me either; the employee did point out the taxes, but since I am already converting a Riester contract, I don't want to have to pay off additional things in retirement.
The question is whether I want to have security for 30 years, or do 15-20 years at today's lower rates and trust that a) I can prepay in between and b) the follow-up financing will also work out. Therefore, I will probably go toward a 20-year fixed interest period, unless there are outstanding offers for 15/25 or 30.
The mentioned loan was definitely without Riester and with an interest rate guarantee until allocation.

I'll put it this way. The financing must be feasible without [Riesterförderung] and calculably completed before retirement.

If this is not the case, it's already tricky.

However, if any advisor uses [Riester] to make financing look good; meaning to reduce the monthly burden or term so that the subsidized financing is finished before retirement, then hands off.

I'll put it this way. The financing must be sustainable without Riester subsidies and mathematically completed before retirement.

If that's not the case, it's tricky anyway.

However, if any advisor nicely calculates a financing with Riester; meaning to reduce the monthly burden/ or duration so that the subsidized financing is completed before retirement, then steer clear

I rather think that there's a nice closing bonus per Riester sold for him