What would the financing look like?

Hello Mr. Thiemann,

could you nevertheless give me an approximate financing independent of [Erbbau]?

Best regards

Hello Matthias,

the financing could look like this for you:

72,000 EUR KFW 124, 3.65% / 3.70%, 10 years fixed, 100% disbursed, repayment: 1.50% from the 2nd year = 309.00 EUR monthly.
42,000 EUR construction loan, 3.75% / 3.82%, 10 years fixed, 100% disbursed, repayment 1.00% = 166.25 EUR monthly.
96,000 EUR own work = 40% of the total construction costs
30,000 EUR equity
240,000 EUR total (mixed interest rate: 3.74% effective) = 475.25 EUR monthly.

On my homepage you will find in the "Infothek" in the area "Download Forms" a template "Baukostenzusammenstellung" which can help you with the more precise planning of your total costs and your own work. Please download it.

Best regards

M. Thiemann

Hello Mr. Thiemann,

first of all, thank you very much for your effort. I just noticed that I have a mistake in the personal contribution, I meant about 20% (about 40,000 EUR), not 40%!!!

Regards Matthias

I would like to contact Mr. Thiemann again. I have now calculated the construction costs and own contributions a bit more precisely.

I would be very pleased if you could provide me with a financing example including the total repayment period (20, 25, 30 years?) for the following data:

Option 1: with land purchase

Total costs including land, development, incidental construction costs, house connections, notary and architect fees, property transfer tax, etc.: 310,000 EUR
Equity: 30,000 EUR
Own contribution: 50,000 EUR

Option 2: land as a leasehold

Total costs as above but without land: 274,000 EUR
Equity: 30,000 EUR
Own contribution: 50,000 EUR

Thank you very much in advance.

Regards Matthias