Mortgage Calculator
Calculate your mortgage easily - compare tracks, view charts, and get the full picture
Accurate Calculation
Based on current market data, including common interest rates and tracks in Israel
Visual Charts
View payment breakdown, detailed amortization schedule, and clear picture of your mortgage
Scenario Comparison
Compare up to 3 different scenarios and discover the best option for you
How the mortgage calculator works
The calculator computes your monthly mortgage payment from the property price, your down payment, the loan term and the track mix you choose. Each track — fixed unlinked, variable every 5 years, prime or CPI-linked — has its own interest rate; the calculator builds a separate amortization schedule for each part and sums the total payment.
Alongside the monthly payment you get the loan-to-value ratio (LTV) against Bank of Israel limits, the debt-to-income ratio (DTI) if you enter a monthly income, the total interest over the life of the loan, and an estimate of the side costs — purchase tax by the current brackets, lawyer, appraiser and bank file fees.
The rates in the calculator are based on current market data and are an estimate only: the actual rate is negotiated with the bank and depends on the borrower profile. You can save up to three scenarios and compare them side by side.
Worked example
A ₪2,500,000 apartment with a 25% down payment (₪625,000) — a ₪1,875,000 mortgage over 25 years, split one third fixed (4.5%), one third variable (4.0%) and one third prime (5.5%) — comes to a monthly payment of about ₪10,600 and roughly ₪1.3 million in total interest over the term. A larger down payment or a shorter term cuts the total interest substantially.
Frequently Asked Questions
What is LTV (Loan-to-Value) ratio?
LTV is the ratio between the loan amount and the property value. In Israel, banks won't approve a mortgage with LTV above 75% for a primary residence.
What's the difference between the tracks?
Fixed Rate: Fixed interest rate for the entire term - maximum stability
Variable (5 Years): Interest rate updates every 5 years - medium risk
Prime: Variable with Bank of Israel rate - high risk but potential savings
CPI-Linked: Low interest but principal linked to inflation
What's a recommended mix?
The recommended mix varies by risk tolerance. Generally, it's recommended to spread the loan across multiple tracks. A common mix is one-third fixed, one-third variable, and one-third prime.
Tax Benefits
First-time home buyers may be eligible for certain tax benefits. Consult with a tax advisor for details.
Disclaimer: This calculator provides estimates only and does not constitute financial advice. Actual rates and terms may vary. Consult a licensed mortgage advisor before making decisions.