Single-family house + land (purchase or leasehold) with high interest rates

I have posted the construction and performance description in the planning forum today.

I need to ask again, but I still have something in mind about a financing confirmation before registering. The loan must already be signed, right?

It is a solid house. Smaller and regional construction company

So a financing confirmation is not the same as signing a loan agreement.

And have you also taken the additional construction costs into account?

According to the specifications and construction and service description, hopefully all ancillary building costs are included. So construction electricity, water, etc. Even the sewer is included up to 3m depth and 10m length.

The monthly lease amount would be €250

That's €3000 per year, which pays off in about 25 years (depending on interest and lease increases). In that case, it would be a clear yes for me to buy

The problem is that the general contractor only lines us up for 3.2022 if we wait until July because of Kfw. Then 6 months construction time makes about October 2022. The usual 12 months provision time would be too short then

Is it only about the possibility of getting the grant instead of a loan, or is the higher grant important to you as well? In the latter case, consider that you pay rent longer. And consider that your interest rate is significantly higher than that of the KFW loans. I would – based on everything I currently know – take the old KfW and a loan from the bank with minimal repayment and long term for the rest. You even have the freedom to sign the construction contract now and clarify the financing calmly.

But then you wouldn't need a loan now, would you?

The problem is that the project start has been changed. Now the signature is the project start, meaning you have to apply for the KfW beforehand, but the bank does that (even for the grant??) and of course only does so if they can sell their own loan right away. So the new regulation massively traps people in provision interest fees

I would like a long-term fixed interest rate and unfortunately that does not work with Kfwdarlehen. I am a bit anxious about that.

Is the grant, which would be €75,000, actually counted as equity or is it paid out so late that I need the full loan amount beforehand? Then the 75k would practically be the annual special repayment for the first 4 years.

Earnings 3200€ net

Offer from the cheapest bank
365000€ 30 years fixed interest, 1.8% nominal interest, 1.83% effective, 1150€ monthly rate

The leasehold amount monthly would be 250€

Pretty tight, isn't it?