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| If you use any mortgage calculator you end up with considerably more than 4,000 CHF per month even at lowest official interest rates. At 4% it is close to 6,000 CHF per month.  | |
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I used a calculator. 4% x 1.3m = 52000/12 = around 4,333 a month.
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| Whatever the interest rates, 1.3 million of debt is seriously scary. I am sure that I could go to a bank and get this mortgage approved, I just do not see the point of squandering all our savings, my husband's pension and a good night's sleep on a tiny terraced house. | |
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Any amount of debt is scary if you can't make repayments should something go wrong or your life circumstances change.
I agree - I would never put all my savings and my pension into a deposit.