The Only Israeli Mortgage Calculator You’ll Ever Need
Let’s face it: getting a mortgage in Israel can feel complicated.
You have different “tracks” (Prime, Fixed, Variable), hidden inflation costs (the Madad), and taxes that seem to pop up out of nowhere. Most calculators only show you the monthly payment. That is a mistake.
Why? Because the monthly payment is only half the story.
To truly understand if you can afford a home, you need to see the Total Cash to Close (including taxes and fees) and what happens to your payment if interest rates go up.
I built this tool to do exactly that. It handles the hard math for you.
Here is what makes this calculator different:
The “Real” Cost: It calculates Mas Rechisha (Purchase Tax) and lawyer fees automatically.
Safety First: It runs a “Stress Test” to show you if you can still afford the loan in 5 years.
The Mix: You can combine different loan tracks just like a real bank offer.
Go ahead and plug in your numbers below.
This tool is for general informational and educational purposes only and is based on assumptions that may not match your specific situation. Results are estimates only, are not guaranteed to be accurate, complete, or up to date, and do not constitute financial, legal, tax, or investment advice. You must verify all numbers, terms, and conclusions with qualified professionals (such as a lawyer, accountant, mortgage broker, or licensed real estate professional) before making any decision. By using this tool, you agree that Semerenko Group and its owners, employees, and partners are not responsible or liable for any loss, damage, or decision you make based on its results, to the fullest extent permitted by law.
How to Read Your Results (And What to Do Next)
Now that you have your numbers, you might be wondering: “Is this good? Is this bad? Can I actually buy this house?”
Don’t panic. Here is the simple English breakdown of the three most important numbers you see above.
1. The Repayment Ratio (DTI)
This is the percentage of your monthly income that goes to pay the mortgage.
The Golden Rule: Banks in Israel generally do not want this number to be higher than 35-40%.
My Advice: Try to keep it under 33%. If you are spending 40% of your salary on a mortgage, you leave very little room for unexpected expenses (like a broken boiler or a family vacation).
2. The Financing Percentage (LTV)
This is simply how much of the house the bank owns versus how much you own.
First-time buyers: You can usually borrow up to 75%.
Investors: You are generally capped at 50%.
The Danger Zone: If this calculator shows a red warning, it means you need to increase your down payment (equity) to get approved.
3. The “Stress Test”
This is the most critical part of this tool. You might be able to afford the payment today, but what about in 3 years?
In Israel, many loans are linked to Inflation (CPI/Madad) or the Prime Rate. When those go up, your monthly payment goes up.
Look at the Stress Test box. If that future payment scares you, you are borrowing too much.
Bottom Line?
A mortgage isn’t just a monthly bill; it’s a partnership with the bank. If your “Total Cost of Loan” looks high, try adding more to the Fixed Not Linked (Kalatz) track. It costs a bit more monthly, but it sleeps better at night because the rate never changes.
Disclaimer: This tool is for educational purposes only. I am an expert in numbers, but I am not your banker. Always consult with a licensed mortgage broker before signing a contract.
