Which of the two financings is more reasonable?

Hello everyone,

which of the two financings would you prefer?

VD for your feedback

[B]Option 1[/B]

[*]Loan amount €640,000
[*]Effective annual interest rate 1.56%
[*]Repayment/annuity €2,100
[*]Repayment p.a. plus saved interest 2.39%
[*]Interest rate agreement date 09/30/2017
[*]Date of first installment 09/30/2018
[*]End of fixed interest term 09/30/2027

Option 2
Component A:

[*]Loan amount €320,000
[*]Effective annual interest rate 1.56%
[*]Repayment/annuity €680
[*]Repayment p.a. plus saved interest 1.00%
[*]Interest rate agreement date 09/30/2017
[*]Date of first installment 09/30/2018
[*]End of fixed interest term 09/30/2027

Component B:

[*]Building savings amount €320,000
[*]Credit interest 0.10%
[*]Payout date 08/31/2017
[*]Nominal interest rate p.a. 1.55% fixed from 08/18/2017 until 01/31/2029
[*]Effective annual interest rate according to Price Indication Ordinance 2.18%
[*]Assumed follow-up interest rate 2.40% p.a.
[*]Loan amount €181,441.91
[*]Nominal interest rate 2.35%
[*]Effective annual interest rate according to Price Indication Ordinance 2.53%
[*]Completion fee 1.00%
[*]Annual fee €12

The offers are not comparable for the following reasons:

1) Variant 2 does not show the amount of the repayment substitute benefit for component B.
2) Why does component A in Variant 2 have only a 1% repayment?
3) The fixed interest periods are different.
4) What is more important to you? Long-term interest rate security or low costs?

Regardless of these observations:
Variant 2 will be expensive but at least partially (for 50%) offers greater security. The residual debt of component 1 still has no interest rate security.

Considering it in isolation is pointless. What was your goal? Then you can be told what fits you better.

I fully agree with toxicmolotow.

A loan amount of 640K€ is not insignificant. Personally, with this loan amount, I would either opt for a higher repayment rate or a longer fixed interest period. In general, the offers themselves can only be reasonably assessed with more information, e.g. [Eigenkapital], [Einkommen] etc.

Neither. In the first case, the remaining debt after the initial fixed interest period is still very high. If interest rates rise, a €2100 payment quickly becomes a €2600 payment, just as an example. Offer two secures interest rates longer than 10 years, but comes with the disadvantages that toxicmolotow mentioned. Have something calculated for 15-20 years. 1.56% for 10 years is not that great either. How high is the loan-to-value ratio?

The house costs 580,000 from the developer, therefore all ancillary costs are financed. Further mortgage options from other properties are available.

Considering it in isolation is pointless. What was your goal? Then someone can tell you what suits you better.

I am happy to repeat myself...