Hello everyone,
we are going to purchase a new semi-detached house of 170 sqm in Baden-Württemberg.
The negotiated purchase price is 455,500 EUR.
We are now facing the choice of financing.
We still have to install the floors ourselves as well as have painting/plastering work done, costing about 20,000 EUR.
We will cover this from our own funds.
We want to not include about 40,000 EUR of remaining equity in the financing.
Now we have various offers.
One via Interhyp, a classic annuity loan
Purchase price + incidental purchase costs 487,385 EUR
Minus remaining equity to be contributed 70,000 EUR
= financing requirement: 417,000 EUR
Fixed interest period 20 years
Effective annual interest rate 2.44%
Rate: 1,529 EUR = 2% (this is realistically possible)
Loan term 33 years
Remaining debt at the end of the fixed interest period 204,000 EUR
Special repayment 5% possible
Alternatively, also Interhyp with the same constellation with 80,000 EUR equity (this would certainly be possible)
Fixed interest period 20 years
Effective annual interest rate 2.06%
Rate: 1,500 EUR = approx. 2% (this is realistically possible)
Loan term 30 years
Remaining debt at the end of the fixed interest period 168,000 EUR
Special repayment 5% possible
We had very similar needs and values. Let me guess, the Interhyp offer is an HVB loan? Allianz was also in that range.
Interestingly, with the same information at Dr. Klein a 0.2% better interest rate (at 20 years) came out. I suspect Interhyp did not include the own work in the condition inquiry. Ultimately, we took a full repayment loan (27 years) from the same provider because the interest rate was only insignificantly worse. In retrospect, however, I might have chosen the 25-year variant since the full repayment with HVB is rather disadvantageous.