Income Tax Refund Calculator
Estimate your mortgage income tax refund in Armenia and see your monthly savings.
Currency
Effective Monthly Payment
֏172,674
Monthly Refund
֏100,000
Up to ֏100,000
Total Refund
֏22,012,727
Total Interest
֏41,441,696
Total Saved
53%
FAQ
Income Tax Refund FAQ
Common questions about mortgage income tax refund calculations in Armenia.
Use this calculator to estimate monthly refund, effective payment, and total savings for a mortgage scenario in Armenia. Final eligibility depends on the rules in force, your documented salary, and your lender or tax authority review.
The biggest inputs are your gross salary, loan amount, interest rate, and loan term. These determine how much income tax you pay and how much interest is available for refund.
No. This calculator caps the monthly refund at the lower of your estimated monthly income tax and the interest portion of that month's mortgage payment.
Usually yes. A higher registered salary means more income tax paid, which can raise the potential refund until it reaches the interest amount on the mortgage payment.
It shows your estimated mortgage payment after subtracting the monthly tax refund. It helps you compare the real monthly cost with and without the refund.
Yes. Change the property price, down payment, interest rate, loan term, and salary to compare scenarios and see how the refund changes.
After estimating the payment, review new-build apartments on the site and focus on projects that match your budget, financing plan, and current program requirements.