What is the maximum LTV for a mortgage in Israel?

The Bank of Israel caps the loan-to-value at 75% for a first-home buyer, 70% for someone upgrading (replacing their only home), and 50% for investors and additional-property buyers. The calculator checks your loan against the limit you select and warns if your deposit is too small.

How is the monthly mashkanta payment calculated?

For the portion on a fixed rate, the tool uses the standard amortising formula: payment = L × r ÷ (1 − (1 + r)^−n), where L is the loan, r is the monthly rate (annual ÷ 12) and n is the number of months. Each payment is constant; early payments are mostly interest.

What is a typical mortgage term in Israel?

Israeli mortgages commonly run 20 to 30 years, with 25 years a frequent choice. A longer term lowers the monthly payment but increases total interest. Lenders also stress-test affordability and usually require the payment to stay below about a third of household income.

Why is the Israeli mortgage so often a mix of tracks?

Real mashkantot blend several maslulim (tracks) — prime-linked, fixed unindexed, and CPI-indexed — each with its own rate and risk. This calculator models a single blended rate for simplicity. For a true plan, price each track separately and combine the payments.

Does this include CPI indexation or fees?

No. Many Israeli tracks are linked to the consumer price index, which raises the balance and payment over time, and there are also appraisal, legal and registration costs. This tool gives a clean fixed-rate estimate; ask your bank for the full tamhil including indexation.

Israel Mortgage Calculator

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An Israel mortgage calculator (mashkanta) that works out the monthly repayment and total interest on a home loan, then checks it against the Bank of Israel loan-to-value limits. It is built for buyers who need to know both what they will pay each month and whether their deposit is large enough for their buyer category, in shekels.

How it works

The loan is the price minus your deposit. The monthly payment uses the standard amortising-loan formula on a single blended rate:

loan L = price − deposit
monthly rate r = annualRate / 12
payment = L × r / (1 − (1 + r)^(−n))

where n is the term in months. Each payment is constant; interest is charged on the outstanding balance and the rest reduces the principal.

The tool also computes loan-to-value = loan / price and compares it to the Bank of Israel ceiling for your buyer type — 75% first home, 70% upgraders, 50% investors. If your LTV exceeds the cap, the deposit is too small and the calculator tells you the minimum deposit needed.

Example and notes

Buy a home for ₪2,000,000 with a ₪600,000 deposit (a ₪1,400,000 loan) at 5% over 25 years. The monthly payment is roughly ₪8,180 and total interest about ₪1.05m. The LTV is 1,400,000 / 2,000,000 = 70%, within the 75% first-home cap.

Real mashkantot mix prime, fixed and CPI-indexed tracks, and indexed tracks grow with inflation — so treat this single-rate figure as a baseline and ask your bank for the full track breakdown.