if the conditions cannot be improved, then just keep it as a buffer. if the house is built, and there is something left over, it can be used immediately as an extra repayment.
We just have a slope that needs to be paid for. That’s why we generously included a buffer in the project sum, which wouldn’t have to be spent if we unexpectedly need less.
We also have €300,000 with Haller at 0.87 effective and are paying back 3.something.
Also have €300,000 at Haller for 0.87% effective and pay back 3 point something
If you handle it "cleverly," you could currently do it for 0.79% effective at Schwäbisch Hall.
Rate: from €808 (minimum repayment on €350,000 and 0.77% nominal).
And how much do you repay monthly and over what total term
We pay 900€ monthly. That corresponds to a repayment rate of 2.6%. We want to finish in 20 years with the help of special repayments. Without special repayments and with the same annuity, at unchanged interest rates after the fixed interest period, it would take about 33 years. If I were you, I would use less equity and repay at least 2% from the start.
sorry, shouldn't have been included... you don't have to do anything "clever" here... with total costs of 920k EUR, even if the bank rates it badly and applies many discounts, you will still end up around 0.77%/0.79%.
just be careful, not that someone offers it for 0.87%/0.89%, because that only works if it's "commissioned" differently (taking more for themselves....)