With the MoneyPark mortgage calculator you can find out in just a few clicks whether you can finance your dream property in Switzerland.
Use our online mortgage calculator to check whether you meet the financial requirements for obtaining a mortgage from banks, insurance companies or pension funds. In technical terms, these requirements are called loan-to-value and affordability. 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. However, you may draw on your pension fund assets for half of these 20 percent. 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. The results given in our mortgage calculator are indicative. Your personal advisor looks forward to working with you to determine your specific options. Contact us now !
When you calculate your mortgage, the loan-to-value ratio plays an important role. The loan-to-value ratio provides information on the relationship between the mortgage amount and the property value. The lowest value principle is used to determine the value of the property. This means that the lower end of the estimated value (per property valuation) and the sale price is used. For more detailed information on the calculation method, we recommend this article from our magazine. 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. Own funds include, for example, savings in your accounts, inheritances, but also securities deposits. 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. You can find further information on our pension calculation page.
Affordability is also a key element in the mortgage calculation. The following rule of thumb applies to affordability. Regular expenses incurred by the purchase of your home should normally not exceed 33 percent of your gross household income. In addition to mortgage interest, these ongoing costs include maintenance and utilities as well as amortization. Since interest rates are historically subject to strong fluctuations (as evidenced by the MoneyPark Tool for the development of mortgage interest rates), the affordability calculation of banks and other financial institutions is based on a imputed mortgage interest rate of 5 percent. Maintenance costs and utilities are estimated at 1% of the property value. You can find further information on affordability on our mortgage calculator page.
When calculating your mortgage, the interest rate but also the duration, in which you amortize the mortgage to 2/3 of the property value, are crucial. The shorter the amortization period, the higher the cost per month and reversely. The MoneyPark mortgage calculator uses the standard Swiss amortization period of 15 years as the basis for calculation. The mortgage must be amortized to two-thirds by retirement age at the latest. You can find more interesting facts about amortization on our amortization calculator page.
MoneyPark is characterized by the optimal combination of personalized advice and pioneering technology. Our experienced experts work with you to define the best financing strategy. We ensure that you benefit from attractive conditions and long-term protection for your specific needs. Get in touch with us today!
With MoneyPark, however, you will not only find the best mortgage, but also receive an all-round real estate service, unique in Switzerland. We accompany and advise you from the search and the valuation to the purchase or sale of a property. With the MoneyPark Real estate platform and as a property owner, also have any-time access to current information about your property, such as the development of its value since purchase or the number of potential buyers.