Mortgage loan calculator
Your loan
Monthly payment
52 051₽ /mo
Goes toward your principal5 077 ₽10%
Interest to the bank45 842 ₽88%
Insurance and servicing1 131 ₽2%
First payment. Later the interest share falls and the principal share grows.
Rate13.68%
Loan amount4 553 008 ₽
₽
%
₽
mo.
Loan-to-value ratio — 80.00 %. Above 70 % some banks raise the rate by 0.7 points.
Where the money goes
What the rate is made of
13.68%Annual Percentage Rate
Nominal rate12.25%
Fees and insurance+1.43 pp
Your deal terms: −0.25 ppThis is the name the law gives it and the figure your contract will carry. It includes everything you pay for the loan.
Total amount payable
12 545 904 ₽Principal 4 553 008 ₽ plus everything above it
Loan amount4 553 008 ₽
Total cost of credit7 992 895 ₽
Minimum income required115 668 ₽
176 % more than you borrowed, over 20 years
How the debt is repaid
Interest, principal and the outstanding balance, year by year
| Year | Payments, ₽ | Interest, ₽ | Principal, ₽ | Insurance, ₽ | Balance, ₽ | Principal share |
|---|---|---|---|---|---|---|
| 1 | 611 032 | 554 511 | 56 521 | 19 123 | 4 496 488 | |
| 2 | 611 032 | 547 511 | 63 521 | 18 885 | 4 432 966 | |
| 3 | 611 032 | 538 676 | 72 356 | 18 618 | 4 360 610 | |
| 4 | 611 032 | 529 573 | 81 459 | 18 315 | 4 279 152 | |
| 5 | 611 032 | 519 015 | 92 017 | 17 972 | 4 187 134 | |
| 6 | 611 032 | 507 394 | 103 638 | 17 586 | 4 083 496 | |
| 7 | 611 032 | 493 401 | 117 631 | 17 151 | 3 965 865 | |
| 8 | 611 032 | 478 408 | 132 624 | 16 657 | 3 833 241 | |
| 9 | 611 032 | 461 217 | 149 815 | 16 100 | 3 683 426 | |
| 10 | 611 032 | 442 073 | 168 959 | 15 470 | 3 514 467 | |
| 11 | 611 032 | 419 681 | 191 351 | 14 761 | 3 323 116 | |
| 12 | 611 032 | 395 096 | 215 936 | 13 957 | 3 107 180 | |
| 13 | 611 032 | 367 107 | 243 924 | 13 050 | 2 863 256 | |
| 14 | 611 032 | 335 714 | 275 318 | 12 026 | 2 587 937 | |
| 15 | 611 032 | 299 645 | 311 387 | 10 869 | 2 276 550 | |
| 16 | 611 032 | 259 444 | 351 588 | 9 562 | 1 924 962 | |
| 17 | 611 032 | 213 872 | 397 160 | 8 085 | 1 527 803 | |
| 18 | 611 032 | 162 533 | 448 499 | 6 417 | 1 079 303 | |
| 19 | 611 032 | 104 195 | 506 837 | 4 533 | 572 466 | |
| 20 | 611 032 | 38 566 | 572 466 | 2 404 | 0 |
What refines the calculation
Salary is paid into this bankSalary project−0.25 pp
You arrange the insurance yourselfRather than through the bank−0.05 pp
Down payment 10 points above standardDiscount for a low loan-to-value ratio−0.50 pp
Secondary marketProperty not from a developer+0.30 pp
No energy efficiency certificateClass below B+0.50 pp
Differentiated scheduleInstead of annuity+0.50 pp
No early repayment feeThe bank charges a rate premium for this+0.50 pp
The bank insures the down paymentWhen the down payment is below the minimum+0.55 pp
Loan-to-value ratio above 70 %Or the payment exceeds 50 % of income+0.70 pp
Loan above AMD 35 million or property above AMD 55 millionThe largest single markup+2.50 pp
These are what turn the advertised rate into the contract rate. Under CBA Regulation 8/01, point 4, mandatory fees enter the APR calculation.
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Shirak, Lori, Tavush, Gegharkunik, Vayots Dzor, Syunik. Ends for loans received from 01.01.2029.
New build, bought directly from the developerThe secondary market is outside the programme
Formal employment and income tax paidThe refund comes out of your own tax and cannot exceed it
Property price no higher than AMD 55 millionThe statutory price ceiling for the programme
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Refunded over the whole term
4 875 189 ₽
No more than the interest paid and no more than your tax
Questions about this calculation
Answers with references to the legislation. Open as many as you like.
- The advertised rate is interest only. The contract carries the Annual Percentage Rate, which includes everything you pay for the loan: the disbursement fee, appraisal, notary, cadastre and mandatory insurance. Then there is the accrual itself: interest is charged monthly while the rate is expressed per annum, and intra-year compounding adds a little more. So even with zero fees, 12.50 % per annum comes to 13.24 % APR.RA Law on Consumer Crediting, Art. 14; CBA Board Regulation 8/01, point 4 — the payments included in the calculation
- It is the single figure that reduces every condition of a loan to one number, so two offers from different banks are comparable only through it. The bank must state it in the contract, and you must write it in by hand. The formula is set by law, not by the bank.RA Law on Consumer Crediting, Art. 13 and Art. 14; CBA Board Regulation 8/01, point 3 — the formula
- Fees and insurance are ranges taken from the published tariffs of nine Armenian banks. A bank changes them by board decision on any day, which is why they are fields here: enter the figures from your own offer and the calculation becomes yours rather than an average. No daily source for rates exists — the Central Bank compiles them monthly, and banks themselves change tariffs less often than daily.
- Anyone formally employed and paying income tax in Armenia who buys a new build directly from the developer within the AMD 55 m price ceiling. The refund comes out of your own tax and cannot exceed it: if AMD 300,000 was withheld from you in a quarter, no more than AMD 300,000 comes back, even if you paid more interest. The upper limit is AMD 750,000 per quarter.RA Tax Code, Art. 160, part 2, point 2.1; RA Government Decision No. 1321-Ն of 05.10.2017
- The programme is being wound down on a schedule fixed in the Tax Code, so the dates are known in advance. In Yerevan the refund is already gone — for contracts from 1 January 2025, except buildings permitted before 2022. In Aragatsotn, Ararat, Armavir and Kotayk it ends for loans received from 1 January 2027. In the remaining regions, from 1 January 2029. Border settlements on the Government list keep the right with no end date. A contract signed before the cut-off keeps the refund for the whole loan term.RA Tax Code, Art. 160, part 2, point 4, sub-points «ե» and «զ»
- Yes, and this is your right under the law rather than a courtesy: you may terminate a consumer credit contract unilaterally and without giving any reason within seven working days of signing it, unless the contract itself allows a longer period. You return the money and pay interest only for the days you actually used it, at the annual percentage rate stated in the contract. The bank may not demand any other compensation for the termination.RA Law on Consumer Crediting, Art. 9 — the right to terminate within seven working days
This calculation is indicative and is not an offer from a bank. Final terms are set by the bank after assessing your solvency, the collateral and your credit history. Rates, fees and insurance are bank tariffs rather than statutory figures: a bank changes them by board decision, and the values here should be checked with your own bank.