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Mortgage calculator by tracks

An Israeli mortgage is usually a mix of tracks. Enter yours and see the monthly payment, the interest over the loan and how the balance falls, track by track.

Your mix

Total loan: ₪1,500,000
Track 1
₪
% a year
years
Track 2
₪
% a year
years
Track 3
₪
% a year
years
% a year

Used for CPI-linked tracks: their balance and payment rise with it.

This month's payment
₪8,504
Current rate
4.67%
Balance today
₪1,500,000
Paid off
Oct 2051

Interest over the life of the loan: ₪1,113,207

Standard Spitzer (annuity) schedule from this month; CPI-linked tracks rise with the inflation you enter. Banks may differ slightly in rounding and fees.

Track your real property, not just one calculation

  • Every cost, lease and monthly expense in one place
  • Your mortgage as tracks, with rate changes, early repayments and refinancing
  • Cash flow, return and what you've spent and earned to date
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Common questions

What are mortgage tracks?

An Israeli mortgage is usually split into tracks: prime, which moves with the Bank of Israel rate; fixed, either unlinked or linked to the CPI; and variable, which resets every few years. Each has its own rate and term, and together they make up the mix.

What does a CPI-linked track mean?

The outstanding balance rises with the consumer price index, so the monthly payment rises with it too. The calculator assumes the yearly inflation you enter; real inflation will differ.

How much can I borrow?

The Bank of Israel limits the loan to 75% of the price for an only home, 70% for a replacement home and 50% for an additional apartment. Banks also look at your income and how much of it the payment takes.

How accurate is this calculation?

It uses the standard Spitzer schedule that banks use. Rounding, fees and the exact way of linking can make small differences, so check the final figures with your bank or mortgage advisor.