Which financing option for a semi-detached house?

I assume variant 3, so that I pay €816 for the first 10 years, and €1166 for the last 5 years.

I can hardly believe it - but if you only pay 1.5% for 10 years - and then from year 10-15 3.00% - I would jump at the chance immediately! I don't know better interest rates - and there probably won't be any for ordinary "mortals" either. Don't worry about the special repayment - and now comes the trick - for all loans running over 10 years, you have a legally prescribed special right of termination after 10 years!!

Can you tell me concretely where you are financing, then I will also use the source immediately for my financing.

Regards Carthamen

Hello carthamen,

yes, that does indeed sound very tempting at first. But then you have the full risk after 10 years. You use the special termination right and have to find a completely new financing.
Whereas the first bank that financed you for the first 10 years is clearly at an advantage here, since all the [Grundschuld] is registered with this bank. If you then want to switch to another bank, you will encounter difficulties.
That means you have the full interest rate risk and are in a poor negotiation position.

The poor negotiation position also applies if the fixed interest rate period expires regularly after 15 years...

Feel free to call me a scaredy-cat, but I’m glad I have secured my interest rates for the entire term.

Regards
Micha

@carthamen As I said, it is about the Z15 loan at the L-Bank (the state bank of Baden-Württemberg). They offer various funding programs. If you also come from BW, you can take a look around the homepage.

Hello Sperit, do you meet the funding requirements for the Z15? If yes, then definitely choose option 1 and save the difference amount you would have with a standard bank financing (with 280,000 EUR about 1% interest advantage is already 28,000 EUR in 10 years + 1% repayment which you would also have higher with the bank loan is another 28,000 EUR) in a [Bausparer]. Then, if I calculate savings of 15,000 EUR in the last 5 years, you can repay 150,000 EUR interest-secure after 15 years.

The solution is probably off the table since the monthly burden should not exceed €1,000. Thus, about €180 remain for the building society saver, as the building savings sum is only about one third of the remaining loan after 15 years.