To do this, you will need to know the household’s current monthly net income , the amount of your deposit , the desired loan term and the loan rate . If you are buying your first main residence, you will also need the reference tax income N-2. For other buyer profiles, your latest income tax notice must be attached to the file.
Why simulate your purchasing power?
To know what project you can achieve, you need to know how much you can borrow. The mortgage loan simulator allows you to find out this information.
A first or new purchase
Have you decided to become a homeowner ? To make this project a reality, careful preparation is essential. To target the right homes, you need to calculate your purchasing power. The mortgage loan simulator indicates the amount you can borrow . With this information, your search becomes more concrete. You focus only on homes that match your purchasing power. For a new property purchase, knowing your borrowing capacity is a necessity. If you have not finished repaying the mortgage from your previous property purchase, a bridging loan may be a suitable solution to finance your new project . In all cases, whether or not you have a mortgage currently being repaid, our simulator will allow you to have a more precise estimate of your current financial capacity to take out a new loan.
Buy to invest
When you’re looking to invest in real estate, your purchasing power serves as a basis for determining the type of property you can purchase. However, the simulator also takes into account future rents received, as they will be used to cover all or part of the monthly repayments.
When you’ve already invested in other properties, 70% of your rental income is taken into account to calculate your total income. Added to salaries, pensions, and other income, your borrowing capacity takes all of these elements into account. Enter as much information as possible into our mortgage calculator to get a solution tailored to your investor profile.
Simulate your real estate borrowing capacity
By calculating your borrowing capacity using a simulation , you can estimate the amount you are able to borrow for your real estate project. Our simulator therefore allows you to get a better idea of the maximum amount you can request from your bank.
Please note that this tool allows you to simulate your borrowing capacity but does not replace the official borrowing capacity document that a broker or any other lending organization could provide you with.
Here is an example of a mortgage loan capacity simulation carried out with our calculator: Let’s take the case of a married couple who receive €2,000 in monthly net income and who would like to buy a new apartment in Clermont-Ferrand . This is the first time they have embarked on a real estate project to become owners of their home: they are first-time buyers.
This purchasing power simulation was carried out in September 2021 using the average interest rates observed over this period.
Summary of the fundable project obtained after simulation
The couple has a borrowing capacity of €325,164. However, notary fees and guarantee costs will need to be taken into account when choosing their new home in Clermont-Ferrand .
As first-time buyers, and taking into account their profile (income, household composition, place of residence, etc.), the couple can apply for a zero-interest loan for an amount of €75,600, which allows them to reduce the cost of their real estate project while increasing their borrowing capacity. They will also need to take out a personal mortgage to complete the financing of their project. With this borrowing capacity simulation, the couple can also estimate the monthly payment over 25 years to repay a mortgage at approximately €1,123.71.
Conversely, if you have already found a new home that you like and you would like to estimate the monthly repayments, our borrowing capacity simulator allows you to do this too!
Summary of project financing obtained after simulation
For a property purchase project of €150,000, for which it will be necessary to plan to add €6,791 in notary fees and guarantee costs, the cost of the project amounts to €156,790.
Put together your mortgage application file
Once the simulation is complete, you can prepare your mortgage application, which you will submit to the banks or your broker. In order for it to be reviewed by the financial institution you are applying for, you must provide the following supporting documents
Documents proving your identity, address and marital status ;
Proof of income: pay slips, accounting certificate for the self-employed, copy of retirement pensions ;
When applying for financing, the bank may also ask you for information about the property you wish to purchase. Remember to add the preliminary contract to your application so that the bank can learn more about your project.
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