The mortgage calculator helps you assess whether you can afford a mortgage for a specific property or not. The loan-to-value ratio may usually not exceed 80%, so you have to be able to afford 20% of the property value with your own funds. At the same time, the costs of the mortgage may not be higher than 33% of your gross income. Please note: The results are indications. Our advisors will gladly help you elaborate on your possibilities. Feel free to contact us!
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With the MoneyPark mortgage calculator, you can easily assess if you can afford your dream property and how much of a financial burden this would put on you. Your loan-to-value ratio and affordability play an important role. The loan-to-value ratio describes the amount of a mortgage loan in relation to the property’s value. Affordability describes the ratio between the borrower’s gross income and the expenditure for the property. As shown by our mortgage calculator, your own funds usually have to cover at least 20% of the property value, meaning that your loan-to-value ratio should not exceed 80%. Regarding affordability, your monthly mortgage payments should not exceed 33% of your monthly gross income. Since the development of mortgage rates is not steady, mortgage rates change quite often. This is why we use a calculative mortgage rate of 5% and a payback period of 15 years for our affordability calculation. After you have used our mortgage calculator to assess if you can afford the respective property, it is time to get competent in-person mortgage advice. The MoneyPark mortgage advice is not limited to the comparison of interest rates of different providers. Together with you, we elaborate the optimal mortgage strategy for your needs. Because we have Switzerland’s largest network of mortgage providers at our disposal with a comprehensive overview on all mortgages available (LIBOR mortgage, variable-rate mortgage, fixed-rate mortgage and swap mortgage). We get you the optimal financing partner, the lowest interest rates and therefore the best terms available on the market. Do you wish to get competently advised by one of our mortgage experts in one of our branches? Call 0800 220 440 to make your personal appointment today and start benefitting from Switzerland’s most advanced mortgage advisory. You can access more information on mortgages in the information section of our website.