Estimate your base mortgage payment, monthly outflow, interest, mandatory fees, and effective annual cost in Armenia.
Currency
AMD
5M500M
20%AMD
10%90%
years
1 yr30 yr
%
5%20%
Illustrative default only — replace it with the nominal rate in your lender's written offer.
AMD
Enter bank, appraisal, account-opening, and other mandatory upfront charges.
AMD
Enter recurring insurance, account, and service charges required by the offer.
Estimated monthly outflow
֏272,674
Base installment: ֏272,674
Total Payment֏65,441,696
Principal37%
Interest63%
Fees and recurring charges0%
Loan Amount
֏24,000,000
Total Interest
֏41,441,696
Down Payment
֏6,000,000
20%
Loan Term
20 years
240 mo
Fees and recurring charges
֏0
֏0 upfront
Estimated effective annual cost
13.24%
Includes selected fees and monthly charges
The estimate assumes a fixed nominal rate, equal monthly payments, upfront fees paid at signing, and unchanged monthly charges. It excludes the down payment, property tax, purchase taxes or registration costs, and rate changes. Your lender's official effective APR and repayment schedule control.
Rate assumption
No market rate is asserted or sourced here. The 12.5% starting value is illustrative; replace it with a dated written quote from your lender. Assumptions reviewed July 2026.
Fees and effective cost
Add every mandatory upfront and recurring charge from the offer. The estimated effective annual cost reflects those inputs, but it is not the bank's official APR.
Scenario only
This calculator is a planning estimate, not a bank offer. Compare its result with the lender's official APR, fees, insurance terms, and repayment schedule.
How mortgage payments work in Armenia
Your monthly payment is the loan principal spread over the term plus interest on the balance still outstanding. Mandatory fees and insurance sit on top of it, so compare offers on the total monthly outflow rather than on the headline rate alone.
Typical Rates
Published rates differ widely by bank and by program, and state-supported programs sit well below standard commercial offers. Check the current published rates before entering one here.
Loan Terms
Most Armenian banks require a minimum down payment of 10-30% of the property value
Mortgage loans are available for up to 30 years, with 15-20 years being the most common choice
What changes your monthly payment
A bigger down payment shrinks the loan, a longer term spreads it over more months, and a lower nominal rate cuts the interest share. Change one input at a time above to see which one moves your payment most.
Common questions about mortgage payments, down payment, and loan terms in Armenia.
Enter the property price, down payment, nominal interest rate, loan term, mandatory upfront fees, and recurring charges to estimate the base installment, monthly outflow, total financing cost, and effective annual cost.
Use the down payment required by your dated lender offer or program terms. Then compare larger amounts to see how they reduce the loan, monthly payment, and total interest.
Use the dated nominal rate in your lender's written offer. The 12.5% starting value is illustrative and is not presented as a current market rate. Compare the result with the lender's official effective APR.
A longer term usually lowers the monthly payment but raises total interest. A shorter term increases the monthly cost but reduces the total interest paid over the life of the loan.
Yes. A higher down payment reduces the loan amount, which usually lowers both the monthly payment and the total interest paid.
Total payment includes principal, nominal interest, the upfront fees you enter, and recurring charges over the selected term. It excludes the down payment, property tax, registration or purchase costs, and future rate changes. The estimated effective annual cost incorporates selected loan charges but is not the lender's official APR.
Yes. If you are considering a qualifying new-build mortgage in Armenia, use the mortgage calculator for the base payment and the income tax refund calculator to estimate the potential tax benefit.
The mortgage calculator uses the annuity formula: equal monthly payments, each covering the interest on the outstanding balance plus a share of the principal. Interest dominates the early years and its share falls later. Insurance and mandatory monthly charges are added on top of that installment.
The calculator assumes a fixed nominal rate and equal monthly payments. Your bank applies its own day count, disbursement date, insurance tariffs, and official effective annual rate, so small differences are normal. The lender's repayment schedule is the one that governs.
Estimated monthly outflow
֏272,674
139
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