Calculation of the average saving:
The stated average saving was calculated with the following values:
- Fixed mortgage with a maturity period of 7 years
- Mortgage amount of 390,000 CHF
- Interest advantage of 0.4%
The saving is calculated as follows:
Annual saving: 0.4% x 390,000 CHF = 1,560 CHF
Saving over the whole term: 7 x 1,560 CHF = 10'920 CHF
The values on which the calculation is based on the following analysis:
- Term: according to the Mortgage Barometer by comparis.ch the term for fixed mortgages most asked for
- Mortgage amount: average mortgage amount of Swiss property owners according to a representative survey by comparis.ch (as of January 2010)
- Interest advantage: average interest rate difference between the best and worst individually created offer for requests in the Mortgage Market by comparis.ch
