Finance your dream!

Price  
Own capital 150'000
Calculate
Costs            
Purchase price     750'000.-      
Acquisition costs % 37'500.-      
Transfer costs % 11'250.-      
Expenses of creation of mortgage file % 7'200.-      
Total acquisition         805'950.-  
Financing            
Own capital %     150'000.-  
Mortgage 1st rank     487'500.- =65.0%    
Mortgage 2nd rank     112'500.- =15.0%    
Total Mortgage         600'000.- =80.0%
Annual Costs            
Mortgage interest 1st rank % 14'625.-      
Mortgage interest 2nd rank % 4'219.-      
Total interest         18'844.-  
Mortgage amort. 1st rank % 4'875.-      
Mortgage amort. 2nd rank % 1'125.-      
Total amortization         6'000.-  
Running/maintenance costs         7'500.-  
Total per year         32'344.-  
Total per month         2'695.-  
Minimum income            
Total amortization     6'000.-      
Running/maintenance costs     7'500.-      
Total cost for minimum income calculation     13'500.-      
Per year         40'909.-  
Per month         3'409.-  
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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