Commitment fee: How much to pay if your new build isn’t ready?

With a new build project, you have a tough schedule. That's necessary if you want to avoid paying commitment fees to your bank.

Dr. Chris Mulder

Dr. Chris is a former Senior Economist and Manager at the IMF and The World Bank. He is a Hypofriend Co-founder.

Published on Aug 25, 2020 Published on Aug 25, 2020 . Updated 7 months ago

Dr. Chris is a former Senior Economist and Manager at the IMF and The World Bank. He is a Hypofriend Co-founder.

If you buy an existing property in Germany, the purchase price is usually due after notarization. This is the time when your loan must be paid out, and you start the repayment.

Commitment fees instead of mortgage interest
Have an eye on the commitment fee free period
The main facts you want to know about the commitment fee
Calculate commitment fees

Dr. Chris Mulder

Dr. Chris is a former Senior Economist and Manager at the IMF and The World Bank. He is a Hypofriend Co-founder.

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KFW 300: Great Subsidy for Energy-Efficient Houses in Germany

KFW 300 is in principle a very attractive program; it comes with interest rates as low as 0,01 % and very high loan amounts, of up to 270.000 €. You may be able to save 60.000 € in interest payments and even more if you invest the savings.

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KFW loans and conditions for 2024 and how it applies to your German mortgage

If you are planning to buy your first existing or new home in Germany, build or buy a new climate friendly home, or renovate a property, you should always take a look at KFW loans and subsidies. Your mortgage advisor should always check if and how much it helps.

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Baukindergeld: Extra benefit for new homeowners with kids

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Commitment Fees Germany

Commitment fee: How much to pay if your new build isn’t ready?

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