Mortgage Calculator

Calculate monthly payment, total interest, and full amortization table. Compare mortgage tracks and plan repayment.

A mortgage calculator (Machshevon Mashkanta) helps you estimate your monthly payments, total interest costs, and how different loan terms affect what you pay over the life of a mortgage in Israel. Given the complexity of Israeli mortgage tracks, this tool is indispensable.

What an Israeli Mortgage Calculator Shows

Enter the loan amount, interest rate, loan period, and track type. The calculator displays your estimated monthly payment, total amount paid over the life of the loan, and total interest paid. More advanced calculators let you combine multiple tracks — which is how Israeli mortgages actually work in practice.

Why Israeli Mortgages Need Special Calculators

Unlike many countries where you get a single mortgage rate, Israeli mortgages (Mashkantaot) are typically split across several tracks: fixed rate (Kvua Lo Tzamuda), CPI-linked fixed rate (Kvua Tzamuda), Prime-linked variable rate, and sometimes a variable rate linked to government bond yields. Each track has different risk and cost characteristics.

Key Scenarios to Model

Run the calculator with different loan periods to see how extending from 20 to 30 years affects monthly payments and total interest. Compare the cost of a mostly-fixed-rate mortgage versus one with a large Prime-linked component. Test what happens to your payments if the Bank of Israel raises the Prime rate by 1-2%.

Using Calculator Results in Practice

Bring your calculator results to meetings with mortgage advisors and banks. Having concrete numbers helps you negotiate better terms and compare offers objectively. Remember that the calculator gives estimates — actual rates will depend on your financial profile, down payment size, and the bank's current offerings.

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The information on this page is for educational purposes. Please consult a professional before making financial decisions.

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Frequently asked

+−Why do Israeli mortgages need a special calculator?

Israeli mortgages are split across multiple tracks — fixed, CPI-linked, Prime-linked, and variable — each with different risk and cost characteristics. A standard calculator from other countries cannot model this complexity.

+−What scenarios should I model with the calculator?

Compare different loan periods, test mostly-fixed vs. mostly-variable track mixes, and simulate what happens if the Bank of Israel raises the Prime rate by 1-2%. This reveals the true risk of each option.

+−How should I use calculator results?

Bring the results to meetings with mortgage advisors and banks. Having concrete numbers helps you negotiate better terms and compare offers from different lenders objectively.

+−What is a CPI-linked mortgage track?

A CPI-linked track adjusts your outstanding balance and payments according to the Consumer Price Index. During high inflation periods, your payments and total debt can increase significantly.

+−How does the Prime rate affect my mortgage calculation?

Prime-linked tracks fluctuate with the Bank of Israel interest rate. The calculator lets you model different Prime rate scenarios to see how rate changes would affect your monthly payments.

+−What loan-to-value ratio should I model?

Israeli banks typically lend up to 75% of property value for a first home. Modeling a lower LTV (60-70%) shows how a larger down payment reduces both monthly payments and total interest over the life of the loan.

+−Can the calculator help me decide on a mortgage term?

Yes, compare 15-year, 20-year, and 30-year terms. Shorter terms mean higher monthly payments but dramatically lower total interest costs. Find the balance between affordable payments and minimizing interest.