What's my home-buying budget?
How much home can you buy? Enter your income and savings and we’ll work out your maximum home price.
What reaches the bank after tax, for everyone on the mortgage
Car, bank loan and similar. None? Leave 0
About a third (33%) is recommended. The Bank of Israel allows up to 50%
From an income of ₪20,000 → up to ₪6,600 a month for the mortgage
Savings, family help, money from selling a home
Sets how much of the price the bank will finance
An estimated average rate, for the calculation only
More years = a lower monthly payment. Up to 30 years
Mortgage + savings. An estimate, before the bank checks
- Mortgage amount
- ₪1,129,000
- Your savings
- ₪600,000
- Monthly payment
- ₪6,600
What set the result: Your income
A payment of ₪6,600 a month covers a mortgage of up to ₪1,129,000. More savings won’t raise the mortgage, only the home price.
Excludes purchase tax, legal and agent fees. Financing limits per Bank of Israel directive 329. Actual approval depends on the bank.
From an income of {inc} → up to {pay} a month for the mortgageFrom an income of {inc} → {gross}, minus {debts} loans = {pay} a month for the mortgageYour incomeA payment of {pay} a month covers a mortgage of up to {loan}. More savings won’t raise the mortgage, only the home price.Your savingsThe bank finances up to {ltv}% of the price, so with {eq} of savings the mortgage is up to {loan}. Your income would allow more.Your existing loans are larger than the share of income you chose, so there is no room for a mortgage payment yet.📖 How is this calculated? Full explanation
The calculation has five steps. The example uses the calculator’s default values:
- What you can pay each month. Income × the share you chose, minus existing loans. Example: ₪20,000 × 33% = ₪6,600 a month.
- How big a mortgage that payment supports. By the rate and the years, using the standard fixed-payment (annuity) formula banks use. Example: ₪6,600 a month, 5%, 25 years → a mortgage of about ₪1,129,000.
- The Bank of Israel financing cap. The bank finances only part of the price; the rest is your savings. For a first home (75%) with ₪600,000 of savings the price can reach ₪2,400,000, i.e. a mortgage of up to ₪1,800,000.
- Take the smaller of the two. Here ₪1,129,000 is less than ₪1,800,000, so income sets the limit.
- Add your savings. ₪1,129,000 + ₪600,000 ≈ ₪1,729,000. That is the estimated maximum home price.
How much the bank finances, by purchase type
- 75% – First / only home
- 70% – Upgrading (selling a home to buy another)
- 50% – Investment / additional home
Why 33% and not 50%?
The Bank of Israel caps the monthly payment at 50% of net household income, but that is a ceiling, not a recommendation. Most banks prefer up to about 30–40%, and above 40% an application gets a closer look. A third of income leaves enough to live on and for surprises.
Good to know
The result is an estimate. The bank also checks job stability, credit history, age and other commitments, and the rate depends on the track and the bank. Purchase tax, lawyer and agent fees are not included, so keep money aside for them.
Want an exact answer? In a consultation you’ll get the real amount the bank will approve and a mix that suits you.
Mortgage advice on WhatsAppCalculators give a general estimate only and are not financial, legal or tax advice. Terms