Swiss Mortgage Calculator - Affordability Calculation Online
Calculate your mortgage costs and affordability for free with our Swiss mortgage calculator. Determine monthly costs for 1st and 2nd mortgages, amortization, and maintenance costs according to Swiss banking standards.
Property Details
Enter the basic data of your planned property
Swiss Mortgage Rules
- • Minimum 20% down payment required
- • Maximum 80% loan-to-value ratio
- • 2nd mortgage amortized over 15 years
- • Total costs ≤ 1/3 of gross income
Pro Tips
- • Consider current market rates
- • Factor in renovation costs
- • Plan for rate increases
- • Consult a mortgage advisor
Frequently Asked Questions
Important information about mortgage financing in Switzerland
How much equity do I need for a mortgage?
In Switzerland, you need at least 20% equity for purchasing real estate. This regulation is legally prescribed.
Equity can come from various sources:
- Personal savings (bank deposits, securities)
- Pillar 3a (pension funds)
- Pension fund assets (pillar 2)
- Inheritance or gift
Important: At least 10% of the purchase price must come from "hard" equity (without pension fund).
What is the difference between 1st and 2nd mortgage?
1st Mortgage
- • Up to 65% of property value
- • Lower interest rates
- • No amortization requirement
- • Higher security for the bank
2nd Mortgage
- • 65% to 80% of property value
- • Higher interest rates
- • Must be amortized
- • Within 15 years or until age 65
How is affordability calculated?
Affordability is calculated using the "one-third rule":
Total annual housing costs ≤ 1/3 of gross income
Annual housing costs include:
- Interest on 1st mortgage
- Interest on 2nd mortgage
- Amortization of 2nd mortgage
- Maintenance and ancillary costs (approx. 1% of property value)
Example: With a gross income of CHF 120,000, annual housing costs may be maximum CHF 40,000.
What additional costs apply when buying real estate?
When buying real estate, various additional costs apply, often underestimated:
Tip: Calculate an additional 2-4% of the purchase price for additional costs.
Important Notice
This calculator provides initial guidance. For detailed financing advice and current conditions, we recommend contacting a mortgage specialist or your bank. Actual interest rates may vary depending on provider, term, and personal situation.