Most buyers work backwards from the monthly payment rather than the price. Set the numbers below to see what a given apartment costs you each month, and how much cash you need on the day.
For a first home in Israel the bank will usually lend up to 75% of the price, so you need at least 25% in cash. If you already own an apartment that drops to 50%, and for a buyer who is not an Israeli resident it is often 50% or less. The cash figure above is the part people underestimate, not the monthly payment.
An Israeli mortgage is normally split across tracks: a fixed unlinked portion, a prime portion that moves with the Bank of Israel rate, and often an index-linked portion. Each has a different rate and a different risk. The single rate here gives you the right order of magnitude so you know whether an apartment is worth viewing. The mix is what a broker earns their fee on.
The usual rule is that the payment should not pass about a third of your net monthly income, and the bank counts other loans against you. If you are bringing income from abroad, expect more paperwork and a slightly more conservative view. Getting an approval in principle before you start looking is worth the afternoon it takes, and it makes your offer stronger.
On a new build you pay in stages against construction progress, not all at once, and the balance is linked to the construction index, so the final figure can drift above the contract price. Budget for that movement rather than assuming the headline number.
At least 25% of the price for a first home, since banks lend up to 75%. For a second home it is usually 50%, and for a foreign resident often 50% or less.
Yes, and many banks have departments set up for it. Expect to put down more, around 50%, and to provide more documentation of income from abroad.
Between 20 and 30 years. Thirty is the practical maximum at most banks, and the term is also limited by your age at the end of the loan.
No. Purchase tax is separate and paid in cash near signing. Use the purchase tax calculator for that figure.
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