Finance your dream!

Price  
Own capital 183'750
Calculate
Costs            
Purchase price     525'000.-      
Acquisition costs % 26'250.-      
Transfer costs % 7'875.-      
Expenses of creation of mortgage file % 4'095.-      
Total acquisition         563'220.-  
Financing            
Own capital %     183'750.-  
Mortgage 1st rank     341'250.- =65.0%    
Total Mortgage         341'250.- =65.0%
Annual Costs            
Mortgage interest 1st rank % 10'238.-      
Total interest         10'238.-  
Mortgage amort. 1st rank % 3'413.-      
Mortgage amort. 2nd rank %        
Total amortization         3'413.-  
Running/maintenance costs         5'250.-  
Charges amount (CO)         8'724.-  
Total per year         27'625.-  
Total per month         2'302.-  
Minimum income            
Total amortization     3'413.-      
Running/maintenance costs     5'250.-      
Charges amount (CO)     8'724.-      
Total cost for minimum income calculation     17'387.-      
Per year         52'688.-  
Per month         4'391.-  
Costs/income ratio         33%  

Remarks:
- Theoretically, the total amount of the housing-related costs shouldn't exceed 33% of your total income.
- Borrower is required to supply at least 10% of the lending value of the property from their own funds, which may not be obtained by pledging or early withdrawal of Pillar 2 assets.

From 1st September 2014 (New Guidelines of the SBA):
- Mortgages must in all cases be paid down to two thirds of the lending value within a maximum of 15 years. (until now 20 years)
- The lending value of real estate will be based on the market value or the purchase price, whichever is lower.
- Second incomes are now normally eligible only in the case of joint and several liability.

This financial plan doesn't have contractual value. It is at your disposal as an indication only and subject to confirmation from your Bank.



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