Savings beginner with questions about the plausibility of the "rough" plan

At KFW, however, you do not have a 30-year fixed interest rate.

But with KFW you don't have a 30-year fixed interest rate.

Hi b54,

you are right.
The fixed interest rate only applied to the main loan.
The other two loans have a 10-year fixed interest rate.

So, I’m quite satisfied

Edit: Another financier gave me the following offer:

Equity: approx. 40K
2 KFW 50K+80K (
Loan 350K (30-year fixed interest rate with 2.16% effective interest)

Monthly rate 1,600,- with residual debt after 30 years approx. 130K

The numbers are not quite 100% correct (except for the interest)

Best regards
Mattheu

Phew, but with your net amounts, I would have a bit of a stomachache at the sums; overall, that will be quite expensive, don't you think? We are significantly higher in net and are at €1,400 / month for a 350k financing.

We have a little more net income and an even significantly higher rate. However, the loan amount is lower. I think it always depends on the individual household budget what is bearable and what is not. €1800 would be 35% of €5000 – only the amount is rather high.

Yep. The "project" is indeed "ambitious"! So, easy going is something else. Let's see what else happens... However, I find it interesting that some financial brokers say "Wow! No chance! Not possible at all!". The other, on the other hand, calculates it and sees no problems in it. The truth probably lies somewhere in the middle, as always... Ambitious after all...

It will be interesting to see how the new "residential real estate credit directive" will affect (also) your case.

If I understood correctly, you are only allowed to be offered financing if it is ensured that you will be able to service it over the entire term. This happens through a stricter examination of your situation and will probably also bring the obligation to take out corresponding insurances (occupational disability/life accident etc.) in many cases.

In your specific case, I would be interested to know how the bank assesses the "risk" of rising interest rates for the 130k with only a 10-year term. Or is that then solely a matter for the KFW, since the "house bank" only acts as an intermediary?