Israeli Mortgage Calculator
Estimate your monthly payments for buying property in Israel — sale price, down payment, term, and rate.
2,000,000 ₪
₪500K₪10M
1,000,000 ₪ (50%)
10%90%
25 years
5 years30 years
5.5%
2%10%
Bank of Israel prime rate is currently 4.5%. Most mortgages are prime ± a spread.
Monthly Payment
6,141 ₪
Loan Amount
1,000,000 ₪
Total Interest
842,262 ₪
Total repayment over 25 years: 1,842,262 ₪
This calculator provides estimates only and does not constitute financial advice. Actual mortgage terms depend on your bank and personal circumstances.
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Israeli Mortgages — Frequently Asked Questions
What's the maximum mortgage I can get in Israel?
It depends on whether you're an Israeli resident and whether the property is your first home. Israeli first-time buyers can borrow up to 75% of the property price. Israeli buyers replacing an existing home are capped at 70%. Investors (second home in Israel) are capped at 50%. Foreign residents and non-Israeli citizens are typically capped at 50%.
Can foreign residents get a mortgage in Israel?
Yes. Foreign residents can borrow from Israeli banks for property in Israel, generally up to about 50% loan-to-value. The process requires Israeli bank documentation, proof of income, and usually an Israeli lawyer. Many foreign buyers use a mortgage broker who specialises in non-resident lending.
What's the current Bank of Israel prime rate?
The Bank of Israel prime rate is currently around 4.5% (this changes with the central bank's monetary policy). Most Israeli mortgages are quoted as prime ± a spread, so your effective rate moves with prime over the life of the loan unless you take a fixed-rate track.
How long are Israeli mortgage terms?
Typical Israeli mortgages run 20 to 30 years, with 25 years being the most common. Israeli mortgages are usually composed of multiple "tracks" — a mix of prime-linked, fixed-rate, and inflation-linked components — rather than a single-rate loan as in the US or UK.
Are Israeli mortgages fixed or variable?
Most Israeli mortgages are a blend. Banks typically structure the loan in three or four tracks combining fixed-rate (shekel or inflation-linked), prime-linked variable, and sometimes a foreign-currency component. The mix affects both your monthly payment and how exposed you are to rate changes.
What other costs should I budget for besides the mortgage?
Plan for purchase tax (mas rechisha), legal fees (~1.5% + VAT), agent commission (~2% + VAT), an appraiser, mortgage origination fees, and registration costs. For new construction, also factor in the linkage index between contract signing and delivery.
Do I need to be in Israel to apply for a mortgage?
Not necessarily. Many banks and brokers can process mortgages for foreign residents using documents executed abroad and notarised at an Israeli consulate, or via a power of attorney to an Israeli lawyer. You will, however, usually need an in-person stage at some point in the process.
Is the calculator above accurate?
It's an estimate based on a single fixed rate, which is a simplification. Real Israeli mortgages mix tracks and rates, and your actual monthly payment will depend on your income, age, the bank's spreads, and the specific structure they offer you. Use the calculator to ballpark; talk to a broker for a real number.