Jordan 💰 JOD Last updated2026-05-28

Home loan Calculator Jordan

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Quick answer (Jordan)

A JD 120,000 home loan at 7.5% over a 25-year term works out to a monthly payment of about JOD 887, with total interest of JOD 146,037 over the full term.

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Mortgage Calculator

USD

Home Value

LTV 80% · No PMI ✓

Loan Amount

Interest Rate

Term

Total Monthly

$1,087

PITI

Principal + Interest

$887

55% goes to interest

Total Interest

$146,037

over 25 years

Monthly Breakdown

Principal & Interest$887

Property Tax (1.1%/yr)$138

Homeowner's Insurance (0.5%/yr)$63

Total Monthly$1,087

Principal vs Interest Split

45% principal

55% interest

✨ Live recalculation·Includes P&I, property tax, insurance. Estimates only — consult a licensed lender for exact rates.

Reviewed by

Aisha Rahman, CFP®, MBA LinkedIn ↗

CFP® with 12+ years in mortgage & retirement planning.

Local context

Home loans in Jordan

Typical loan

JOD 120,000

in Jordan

Typical rate

7.5% p.a.

prime borrower, 2026

Typical term

25 years

most common

Market overview

Jordanian mortgages are led by Housing Bank for Trade and Finance (the specialist mortgage bank), Arab Bank (the country's largest by assets), Bank of Jordan, Jordan Kuwait Bank, Cairo Amman Bank, Capital Bank of Jordan and Jordan Islamic Bank (Murabaha-based home finance). The Jordanian dinar is pegged to the USD at 0.709 JOD/USD, and the Central Bank of Jordan (CBJ) tracks the Federal Reserve closely — the CBJ rediscount rate sits at 6.25% in early 2026 after Fed cuts. The Jordan Mortgage Refinance Company (JMRC), established 1996 with IFC support, provides long-term wholesale refinancing to participating banks, supporting 20-30 year tenors.

Why 7.5% is the typical rate

7.5% reflects a typical JOD floating mortgage for a salaried Jordanian borrower at 80% LTV in early 2026, anchored on the CBJ rate plus a 1-2% spread.

Tax & regulatory notes

Land registration fees and transfer taxes total approximately 9% of declared value (registration fee 5%, sale tax 4%) for properties above exemption thresholds, with reductions for first-time owner-occupiers under successive Ministry of Finance circulars. Capital gains on real estate are exempt from income tax for individuals on personal property under the Income Tax Law. The Yarmouk subsidy scheme and the Housing and Urban Development Corporation (HUDC) programs deliver subsidised housing and land for lower- and middle-income Jordanians. Decree-Law 47/2008 governs foreign ownership.

🧮 Worked example

A JD 120,000 home loan at 7.5% over a 25-year term

Loan amount

JOD 120,000

Annual interest rate

7.5%

Term

25 years (300 months)

Monthly payment

JOD 887

Total interest paid

JOD 146,037

Total paid (principal + interest)

JOD 266,037

❓ FAQ (Jordan)

Common questions in Jordan.

How does the JMRC support affect my mortgage rate?

The Jordan Mortgage Refinance Company refinances participating banks (Housing Bank, Arab Bank, Cairo Amman, Bank of Jordan and others) by buying long-dated mortgage paper, allowing them to extend tenors to 25-30 years at fixed or capped-floating rates. This is the main reason Jordanian mortgages have longer tenors than most Arab markets. Your rate is set by the originating bank, but the JMRC programme is what makes the tenor available.

Can non-Jordanians buy property in Jordan?

Yes, under Law No. 47 of 2008 and its amendments, non-Jordanian individuals and companies can own real estate subject to Council of Ministers approval, reciprocity with the buyer's country, and a minimum holding period (typically 3-5 years) before resale. GCC nationals enjoy near-reciprocity. Many expat buyers in Amman finance through Housing Bank or Arab Bank on resident terms if they have JOD-denominated salary.

Sharia-compliant vs conventional home finance in Jordan?

Jordan Islamic Bank, Islamic International Arab Bank, and Safwa Islamic Bank offer Murabaha and Ijara wa Iqtina home finance products as alternatives to conventional mortgages. Effective profit rates are broadly comparable to conventional 6-9%, but the legal structure differs: the bank buys the property and resells/leases it to you. JMRC has Sharia-compliant refinancing windows that support these products.

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