Finance your dream!

Price  
Own capital 320'000
Calculate
Costs            
Purchase price     1'600'000.-      
Acquisition costs % 16'000.-      
Transfer costs % 24'000.-      
Expenses of creation of mortgage file % 15'360.-      
Total acquisition         1'655'360.-  
Financing            
Own capital %     320'000.-  
Mortgage 1st rank     1'040'000.- =65.0%    
Mortgage 2nd rank     240'000.- =15.0%    
Total Mortgage         1'280'000.- =80.0%
Annual Costs            
Mortgage interest 1st rank % 31'200.-      
Mortgage interest 2nd rank % 9'000.-      
Total interest         40'200.-  
Mortgage amort. 1st rank % 10'400.-      
Mortgage amort. 2nd rank % 2'400.-      
Total amortization         12'800.-  
Running/maintenance costs         16'000.-  
Total per year         69'000.-  
Total per month         5'750.-  
Minimum income            
Total amortization     12'800.-      
Running/maintenance costs     16'000.-      
Total cost for minimum income calculation     28'800.-      
Per year         87'273.-  
Per month         7'273.-  
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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The information set forth on this site is based upon information which we consider reliable, but because it has been supplied by third parties to us, we cannot represent that it is accurate or complete, and it should not be relied upon as such. The offerings are subject to errors, omissions, changes, including price, or withdrawal without notice. All dimensions are approximate and have not been verified by the selling party and cannot be verified by Fontana Sotheby's International Realty. It is recommended that you hire a professional in the business of determining dimensions, such as an appraiser, architect or civil engineer, to determine such information.

Sotheby's International Realty ® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned And Operated.

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