calculating your mortgage swiss tools

Calculating Your Mortgage: Easy Tools

In Switzerland, you must meet certain requirements in order to successfully apply for and service a mortgage. Use these simple tools to find out whether you qualify for a mortgage.

Buying a home in Switzerland is a major financial commitment. The average cost of one square meter of housing in the populous country was 6,800 Swiss francs at the beginning of 2016 according to consulting firm Wüest Partner AG. Homes in Zurich (11,260 francs per square meter), Geneva (11,710 francs per square meter) and many other metropolitan areas sell at prices well above the national average.

With so much money on the line, it is important to make a well-informed decision before using a mortgage to buy a home. The powerful calculators provided by make it easy to find out whether or not buying a home in Switzerland is the right move for your wallet.

1. Is buying a home a smart financial move?

The most important question is whether buying a home makes financial sense for you, or if you wouldn’t come off better renting a home instead. The rent or buy calculator from helps you determine which option is best for your finances.

2. Do you have enough money for the down payment?

In Switzerland, lenders generally require that you put down a 20% down payment in order to qualify for a mortgage. The minimum down payment calculator make sit easy to find out how much of a property’s cost you will have to front yourself.

3. Do you earn enough income to mortgage a home?

Swiss lenders generally expect you to earn an income equal to at least three times the full cost of servicing a mortgage. You can find out how high your income must be in order to be eligible for approval using the minimum income mortgage calculator.

4. How expensive a home can you afford?

A small apartment or a mansion with a view? You can easily find out how expensive a home you can afford based on your income and how high a down payment you can afford to make using this maximum purchase price mortgage calculator.

5. Can you afford to service a mortgage?

Lenders expect you to maintain a low expense-to-income ratio over the entire life of your mortgage, with expenses related to your mortgaged home not exceeding 33% of your income. Quickly find out whether you meet affordability requirements using the affordability calculator.

6. What amortization term would work best for you?

In most cases, the sooner you pay off a mortgage, the less you will spend on interest charges. But it is also important to choose an amortization term that does not put your finances under too much pressure. The mortgage calculator helps you find the optimal amortization term and clearly shows the annual costs of servicing a mortgage based on the amortization period you choose.

More on this topic:
Swiss mortgage calculator
Mortgage affordability calculator
Minimum down payment calculator
Minimum income mortgage calculator
Maximum purchase price mortgage calculator
Rent or buy calculator

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