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Mortgage Loan Calculator

Estimate your base mortgage payment, monthly outflow, interest, mandatory fees, and effective annual cost in Armenia.

What do you want to calculate?

Currency

AMD
5M500M
20%AMD
10%90%
years
1 year30 years
%
5%20%

Illustrative default only — replace it with the nominal rate in your lender's written offer.

AMD

Income tax at 20%: ֏100,000 a month. Enter 0 if you have no salary.

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

After the income tax refund

֏172,674a month in year 1

Refund of ֏100,000 a month on average (paid quarterly), ֏22,014,352 over the full term.

Assumes 20% income tax withheld from a ֏500,000 gross salary, a qualifying new-build bought directly from the developer, and a mortgage taken out from 2025 (cap ֏750,000 a quarter). The State Revenue Committee confirms eligibility.

Full refund breakdown and conditions
  • 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

New builds that fit your budget

Projects whose cheapest apartment costs less than ֏30,000,000, closest to that price first.

See all 27 projects
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.

Income Tax Refund CalculatorSee how much income tax you can reclaim on a qualifying new-build mortgageCompare mortgage ratesSee every Armenian bank's published rate, down payment and term side by sideBanks in ArmeniaFind the right bank for your mortgageRent vs Buy CalculatorNot sure if you should buy? Try our Rent vs Buy CalculatorProperty Tax CalculatorSee the annual property tax you will owe once you ownRenovation Cost CalculatorAdd the cost of finishing the shell to the purchase price

FAQ

Mortgage FAQ

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. This calculator already shows the year-1 monthly payment after the income tax refund for the gross salary you enter. The income tax refund calculator adds the quarter-by-quarter refund, the limit that sets it, and the eligibility conditions.
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.
Switch to “How much I can borrow” and enter your monthly net income and any other loan payments. The calculator takes the share of income you set (35% by default, our assumption rather than a bank rule), subtracts your other loans, and turns the rest into a maximum loan and apartment price at your rate, term and down payment. Each bank applies its own income limit and checks your credit history, so treat the result as a starting point.

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