Refund in the first month
Maximum return: Payback Ratio:
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The calculator calculates month by month the principal, interest and linkage. In a non-linked fixed route, the result is determined according to the loan data. In a tight or variable track, the result is a scenario based on the assumptions you entered, so it is recommended to compare a base scenario with a stricter scenario.
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A mortgage calculator that also shows how the result was arrived at.
Choose a settlement schedule and index discounts, and get a refund, total cost, aggravated scenario and a full monthly schedule.
Total payments
Cumulative interest
Link cost in the scenario
Cost per shekel taken
Aggravating scenario
An addition of 2 percentage points to the interest rate and one index point.
Disposal board
The first months and the last month
| month | payment | fund | Interest | linkage | balance |
|---|
What exactly does the calculator calculate?
The calculation is carried out month by month. Each month the principal balance, indexation according to the entered discount, interest on the balance and the principal payment are calculated. At Spitzer the basic payment is fixed before linking. In an equal fund, the basic fund component is fixed and the payment decreases over time.
Why is an aggravating scenario also presented?
In changing or adjacent routes, the first refund is not the last refund. An aggravating scenario is not a prediction but a test of resilience. If the strict payment also leaves a margin in the budget, the flow risk is lower.
sources and assumptions
- Reform of transparency in mortgages, Bank of Israel
- Proper Banking Management Instruction 329, Bank of Israel
- The index is entered as a fixed annual discount and is converted to a cumulative monthly rate. In practice, the index changes from month to month.
Frequently asked questions about the calculation
Can a mortgage calculator predict the exact repayment?
In a fixed route that is not linked, the settlement schedule can be calculated precisely according to the amount, the interest and the period. In an index-linked route or with a variable interest rate, the result is only a scenario, because the future index and interest rate are unknown.
What is the difference between a spitzer and an equal horn?
In Spitzer, the basic payment is fixed and its composition changes over time. In an equal fund, a fixed portion of the fund is returned every month, so the first payment is higher and it gradually decreases. At the same interest rate and term, an equal principal typically generates less total interest.
What repayment ratio is considered reasonable?
The Bank of Israel notes that a significant portion of the loans are given at a repayment ratio of about 30% to 40% of income. Above 40% the loan is considered riskier, and the regulatory limit is 50%. In practice, it is desirable to leave a margin for changes in income and expenses.
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