Mortgage Calculator
Monthly payment, total interest, and full amortization table — by mortgage type.
Mortgage Type
In the Spitzer method, the monthly payment stays fixed throughout the loan term. Initially most of the payment goes to interest, gradually shifting toward principal. This is the most common method in Israel.
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Mortgage Types — Full Guide
Understanding different mortgage types is the key to smart borrowing. Each track differs in repayment method, risk level, and suitability for your financial situation.
By Repayment Method
Fixed monthly payment throughout the entire term. Interest gradually decreases while principal increases. The most common mortgage type in Israel.
Read more →Fixed principal repayment each month plus declining interest. The first payment is the highest, then gradually decreases. Saves total interest compared to Spitzer.
Read more →Pay only interest during the term, with the entire principal due in the final payment. Suitable for real estate investors or those planning to sell.
Read more →An interest-only grace period, followed by a transition to regular Spitzer payments. Ideal during construction or when moving between properties.
Read more →By Interest Rate Type
Variable rate linked to the Bank of Israel interest rate. Liquid and popular, but exposed to rate increases.
Read more →Fixed interest rate with no CPI indexation. Full payment certainty, but the initial rate is higher.
Read more →Fixed interest rate plus Consumer Price Index linkage. Lower rate but exposure to inflation.
Read more →Interest rate that adjusts every 5 years. A balance between stability and flexibility.
Read more →Amortization Table — First 12 Months
Track: Spitzer — Fixed monthly payment
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | 6,879 | 2,296 | 4,583 | 997,704 |
| 2 | 6,879 | 2,306 | 4,573 | 995,398 |
| 3 | 6,879 | 2,317 | 4,562 | 993,082 |
| 4 | 6,879 | 2,327 | 4,552 | 990,755 |
| 5 | 6,879 | 2,338 | 4,541 | 988,417 |
| 6 | 6,879 | 2,349 | 4,530 | 986,068 |
| 7 | 6,879 | 2,359 | 4,519 | 983,709 |
| 8 | 6,879 | 2,370 | 4,509 | 981,338 |
| 9 | 6,879 | 2,381 | 4,498 | 978,957 |
| 10 | 6,879 | 2,392 | 4,487 | 976,565 |
| 11 | 6,879 | 2,403 | 4,476 | 974,162 |
| 12 | 6,879 | 2,414 | 4,465 | 971,748 |