Mortgage calculator
Work out the monthly payment, interest and total cost of the mortgage.
Enter the nominal annual rate shown in the offer you received.
Enter a rate to see the monthly payment
Affordability check
Does the amount fit the property price and your income? Fill in what you know — every field is optional.
Total disposable income of all borrowers, after tax.
Financing ratio
- Down payment needed
- ₪0
- Maximum mortgage
- ₪699,750
The amount exceeds the maximum financing for this purchase type. Increase the down payment.
The down payment excludes purchase tax and extra costs.
Payment-to-income
Enter an interest rate above to calculate the payment.
Per Bank of Israel guidelines (Directive 329). Each bank applies its own policy, and actual approval depends on the bank's review.
What to know about mortgages
Principal and interest
Your monthly payment has two parts: principal, which repays what you borrowed, and interest, the cost of the loan itself. Early on most of the payment goes to interest; toward the end most goes to principal.
Why the mortgage term matters so much
The longer the term, the lower the monthly payment, but total interest paid rises significantly. A shorter term means a higher monthly payment but a lower total cost.
What is an amortization schedule
An amortization schedule lists every payment over the life of the loan: how much goes to principal, how much to interest, and the remaining balance. It helps you see exactly where each shekel goes.
What to check before taking a mortgage
Compare offers from several banks, check the proposed mix of tracks, and make sure the monthly payment fits comfortably in your budget, not just what you were approved for. It's also worth consulting an independent mortgage advisor.
FAQ
The calculator gives an indicative estimate only and is not an offer, personal financial advice or a commitment from any bank to approval, terms or a rate. Consult a professional before deciding. The calculation assumes a Spitzer amortization at a fixed nominal rate, based on your inputs. A real mortgage may include several tracks, indexation and variable rates.