![]() ![]() ![]() In addition to mortgage interest, these ongoing costs include maintenance and utilities as well as amortization. Regular expenses incurred by the purchase of your home should normally not exceed 33 percent of your gross household income. The following rule of thumb applies to affordability. ![]() You can find further information on our pension calculation page.Īffordability is also a key element in the mortgage calculation. You can also make use of your pension fund assets - however, a maximum of 10 percent of the property value can be financed with pension fund assets. Own funds include, for example, savings in your accounts, inheritances, but also securities deposits. Normally, the maximum loan-to-value ratio is 80 percent, which means you have to finance 20 percent of the property value with your own funds. For more detailed information on the calculation method, we recommend this article from our magazine. This means that the lower end of the estimated value (per property valuation) and the sale price is used. The lowest value principle is used to determine the value of the property. The loan-to-value ratio provides information on the relationship between the mortgage amount and the property value. When you calculate your mortgage, the loan-to-value ratio plays an important role. Your personal advisor looks forward to working with you to determine your specific options. The results given in our mortgage calculator are indicative. Affordability is when you do not have to spend more than 33% of your gross household income on the ongoing costs of the mortgage and the property. However, you may draw on your pension fund assets for half of these 20 percent. The loan-to-value ratio usually cannot exceed 80 percent, which means that you have to finance at least 20 percent of the property value with your own funds. In technical terms, these requirements are called loan-to-value and affordability. Use our online mortgage calculator to check whether you meet the financial requirements for obtaining a mortgage from banks, insurance companies or pension funds. With the MoneyPark mortgage calculator you can find out in just a few clicks whether you can finance your dream property in Switzerland. Calculate your mortgage quickly & easily now - with the MoneyPark mortgage calculator ![]()
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