Finance your dream!

Price  
Own capital 718'000
Calculate
Costs            
Purchase price     3'590'000.-      
Acquisition costs % 179'500.-      
Transfer costs % 53'850.-      
Expenses of creation of mortgage file % 34'464.-      
Total acquisition         3'857'814.-  
Financing            
Own capital %     718'000.-  
Mortgage 1st rank     2'333'500.- =65.0%    
Mortgage 2nd rank     538'500.- =15.0%    
Total Mortgage         2'872'000.- =80.0%
Annual Costs            
Mortgage interest 1st rank % 70'005.-      
Mortgage interest 2nd rank % 20'194.-      
Total interest         90'199.-  
Mortgage amort. 1st rank % 23'335.-      
Mortgage amort. 2nd rank % 5'385.-      
Total amortization         28'720.-  
Running/maintenance costs         35'900.-  
Charges amount (CO)         32'388.-  
Total per year         187'207.-  
Total per month         15'601.-  
Minimum income            
Total amortization     28'720.-      
Running/maintenance costs     35'900.-      
Charges amount (CO)     32'388.-      
Total cost for minimum income calculation     97'008.-      
Per year         293'964.-  
Per month         24'497.-  
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.