Finance your dream!

Price  
Own capital(Acquisition costs included) 998'400
Calculate
Costs            
Purchase price     4'000'000.-      
Acquisition costs % 40'000.-      
Transfer costs % 120'000.-      
Expenses of creation of mortgage file % 38'400.-      
Total acquisition         4'198'400.-  
Financing            
Own capital %     800'000.-  
Mortgage 1st rank     2'600'000.- =65.0%    
Mortgage 2nd rank     600'000.- =15.0%    
Total Mortgage         3'200'000.- =80.0%
Annual Costs            
Mortgage interest 1st rank % 65'000.-      
Mortgage interest 2nd rank % 19'500.-      
Total interest         84'500.-  
Mortgage amort. 1st rank % 26'000.-      
Mortgage amort. 2nd rank % 6'000.-      
Total amortization         32'000.-  
Running/maintenance costs         40'000.-  
Total per year         156'500.-  
Total per month         13'042.-  
Minimum income            
Total amortization     32'000.-      
Running/maintenance costs     40'000.-      
Total cost for minimum income calculation     72'000.-      
Per year         218'182.-  
Per month         18'182.-  
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.