Which financing option for a semi-detached house?

20-24 is supposed to mean

Thank you Musketier, that was also my preferred option. However, you can only repay with 2%, which then means a residual debt of about €180,000 after 15 years.

Is the annuity with 2% repayment based on the 3% or the 1.5% interest?
In my opinion, that amounts to either around €1,580 or €1,110 monthly rate.
With the €1,580, a bit less than €180k would result.

After the 15 years, you could then apply your accumulated extra repayments.
An annual €1,200 extra repayment would then amount to at least €20k with interest.
But only you can assess how much you can set aside annually/monthly additionally.

Although I don't usually think much of it, perhaps in your case the building savings variant could also make sense, in which you pay in your extra repayments and secure the interest for at least part of the residual debt after 15 years.

@Der Da More than €1000 is not possible at the moment. @Musketier To be honest, I don’t quite understand what you mean now. 2% repayment and 1.5% interest equals, according to my calculation, a monthly burden of €816 on €280,000. Whether I also save a building savings contract on the side is something to consider.

Hello,

with the 280 T€ over the L-Bank I come to an outstanding debt of 203 T€ after 15 years?!

I find that far too high. Assuming that interest rates double, with 1% repayment you are then at about 1,180 €.

With the second option, I come to an outstanding debt of 130 T€ after 15 years with the L-Bank.

The 1.5% interest in the first years is opposed by rather low, max. repayment possibilities.

What Musketier probably means is whether a higher repayment is possible in the first ten years. So instead of 3.0% interest + 2.0% repayment, 1.5% interest and 3.5% repayment.

Hello,

with the 280 T€ through the L-Bank, I end up with a remaining debt of 203 T€ after 15 years?!

I find that much too high. Assuming that the interest rates double, with 1% repayment, you are then at about €1,180.

With the second option, I end up with a remaining debt of 130 T€ after 15 years with the L-Bank.

The 1.5% interest in the first years is offset by rather low maximum repayment options.

What Musketier probably means is whether a higher repayment is possible in the first ten years. So instead of 3.0% interest + 2.0 repayment, 1.5% interest and 3.5% repayment.

@Musketier
To be honest, I don’t really understand what you mean now.
2% repayment and 1.5% interest amounts to a monthly burden of €816 according to my calculation with €280,000.
Whether I also save into a building savings contract alongside it is something to consider.

Yesterday I accidentally introduced an error somewhere in my Excel calculation.
So please ignore my numbers from yesterday.

My question was whether the installment is calculated based on the nominal interest rate or the discounted interest rate.

Option 1:
€280K x 3% interest = €8,400/year
€280K x 2% repayment = €5,600/year
Installment = €14K/year
Installment = €1,166/month
(Effective repayment is thus 3.5% in the first years)

or

Option 2:
€280K x 1.5% interest = €2,400/year
€280K x 2% repayment = €5,600/year
Installment = €9K/year
Installment = €866/month

With a constant installment over 15 years, from the 11th year on you would have only a repayment of 1.6% based on the current loan balance or 1.1% on the original loan amount. At that point, almost nothing would be repaid anymore.

Option 3:
Installment equals €866 in the first 10 years and then adjusts from the 11th year onwards.

I also found no answer on the L-Bank website.

with the €280K through L-Bank I come to a residual debt of €203K after 15 years?!

By the way, I also arrive at the residual debt of €203K after 15 years mentioned by backbone23 with the €816.66 installment.