Mortgage simulator
Mashkanta simulator
Estimate your monthly payment for a fixed-rate mortgage in Israel.
1 000 000 ₪
Indicative estimate only — not a loan offer.
This result is an estimate based solely on the figures you entered. It does not include additional costs (application fees, mandatory life insurance, property appraisal, notary fees) or the actual terms offered by banks, which depend on your profile, down payment, and market rates at the time of application. No bank or financial institution is bound by this result. For a real offer, consult your bank or a mortgage advisor (yoetz mashkantaot).
Monthly payment
5 278 ₪
Total cost of the loan
1 583 511 ₪
Total interest paid
583 511 ₪
Mortgage tracks explained
Kal"atz
Fixed rate, unlinked to inflation (Kal"atz). The rate never changes for the whole loan term, and the outstanding principal is not affected by inflation — your monthly payment stays identical from the first to the last month. The most predictable track.
Kvua Tzamud
Fixed rate, but linked to the consumer price index (CPI). The interest rate itself doesn't move, but the outstanding principal grows with inflation — so your payment can rise over time even though the rate stays the same.
Prime
Variable rate, equal to the Bank of Israel base rate + a fixed 1.5-point margin. It changes automatically with every monetary committee decision (roughly every 6 weeks) — only your bank's added spread is negotiable. Often chosen because it allows early repayment without penalty.
Mishtana
Variable rate reset at fixed intervals set at signing (often every 5 years), sometimes combined with CPI linkage. The starting rate is often attractive, in exchange for a risk of increase at each reset.
Frequently asked questions
What is the Prime rate in Israel?
The Prime rate (ריבית פריים) is the Bank of Israel base rate plus a fixed 1.5-point margin. It changes automatically with every Bank of Israel monetary committee decision — you don't negotiate it directly, only the extra spread your bank adds on top.
What is the difference between Kal"atz and Kvua Tzamud?
Both are fixed-rate tracks (the rate never changes). The difference is about the principal: with Kal"atz it stays identical from start to end. With Kvua Tzamud, it is linked to the consumer price index (CPI) — so even at a fixed rate, your payment can increase with inflation.
What is the Mishtana track?
Mishtana (משתנה) is a variable-rate track, reset at fixed intervals set at signing (often every 5 years), sometimes combined with CPI linkage. The starting rate is often attractive, in exchange for a risk of increase at each reset.
Why must at least 1/3 of my loan be at a fixed rate?
This is a Bank of Israel requirement (banking supervision circular 451): at least one third of the loan amount must be at a fixed rate, and at most two thirds at a variable rate (Prime + Mishtana combined). The goal is to limit your exposure if rates rise sharply.
Is this simulator a loan offer?
No. This is an indicative estimation tool, based on the figures you enter and on reference rates published by the Bank of Israel. It does not account for your profile, down payment, or additional fees. Only your bank or a mortgage advisor can give you a real offer.
How is the monthly payment calculated?
Using the standard constant-payment amortization formula. The higher the rate or duration, the higher the total cost of the loan; a longer duration lowers the monthly payment but increases the total interest paid.
Indicative simulator — does not replace a real bank offer.