Compare Israeli Mortgage Offers
Use the figures in each written approval to compare payment risk and forecast cost across complete mortgage baskets.
Known limits: This simplified calculator cannot reproduce each bank’s forecast methodology, indexation or track-specific cash flow.
Update policy: Material rule changes and corrections are logged on the version-history page.
1. Compare the written approval figures
| Offer | Initial monthly payment | Highest forecast payment | Forecast total interest | Total forecast payment |
|---|---|---|---|---|
| Bank A | ||||
| Bank B | ||||
| Bank C |
Enter figures from at least two comparable approvals.
2. Optional rough constant-rate check
This secondary model assumes one constant unlinked rate for the full term. It cannot reproduce CPI linkage, rate resets, track-specific forecasts or early-repayment exposure.
| Offer | Blended nominal rate (%) | One-time fees | Modeled monthly payment | Modeled interest + fees | Modeled total paid |
|---|---|---|---|---|---|
| Bank A | — | — | — | ||
| Bank B | — | — | — | ||
| Bank C | — | — | — |
How to read the standardized approval
- Initial monthly payment
- Highest expected monthly payment under the bank’s forecast
- Forecast total interest
- Total forecast payment over the mortgage life
- Three uniform Bank of Israel baskets plus an optional customized basket
Why the lowest headline rate may not be cheapest
A CPI-linked track can start with a lower stated rate while the balance grows with inflation. A variable track can reset later. A fixed unlinked track can cost more initially but reduce payment uncertainty. Compare the complete forecast and the risk you are accepting.
Official comparison tools: Bank of Israel mortgage transparency guide and its mortgage comparison resources.