Finance your dream!

Price  
Own capital(Acquisition costs included) 287'040
Calculate
Costs            
Purchase price     1'150'000.-      
Acquisition costs % 11'500.-      
Transfer costs % 34'500.-      
Expenses of creation of mortgage file % 11'040.-      
Total acquisition         1'207'040.-  
Financing            
Own capital %     230'000.-  
Mortgage 1st rank     747'500.- =65.0%    
Mortgage 2nd rank     172'500.- =15.0%    
Total Mortgage         920'000.- =80.0%
Annual Costs            
Mortgage interest 1st rank % 18'688.-      
Mortgage interest 2nd rank % 5'606.-      
Total interest         24'294.-  
Mortgage amort. 1st rank % 7'475.-      
Mortgage amort. 2nd rank % 1'725.-      
Total amortization         9'200.-  
Running/maintenance costs         11'500.-  
Total per year         44'994.-  
Total per month         3'750.-  
Minimum income            
Total amortization     9'200.-      
Running/maintenance costs     11'500.-      
Total cost for minimum income calculation     20'700.-      
Per year         62'727.-  
Per month         5'227.-  
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.