Mortgage calculator for Armenia
Estimate the monthly payment on a home loan in drams, see how much interest you will pay over 10–30 years and how early repayments shorten the loan. Adjust the amount, rate and term — results update instantly.
- 1Set the loan amount, annual rate and term — or keep the example values.
- 2Choose annuity (equal payments) or differentiated (decreasing payments).
- 3Open the full calculator to see the month-by-month schedule, add early payments and download a PDF.
Example values — change them to your own.
Tips
Compare offers by APR, not only by the nominal rate: fees and insurance can add a full point or more.
Even a small extra payment each month in the first years cuts the total interest noticeably.
Ask the bank whether you are eligible for the mortgage interest income-tax refund and include it in your budget.
FAQ
How is the monthly mortgage payment calculated?
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Most mortgages use the annuity formula: payment = P × r / (1 − (1 + r)^−n), where P is the loan amount, r is the monthly rate (annual rate ÷ 12) and n is the number of months. The payment stays the same, while the share of interest in it falls over time.
Annuity or differentiated — which is cheaper?
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A differentiated schedule repays the same principal every month, so the first payments are higher but the total interest is lower. An annuity has equal payments that are easier to plan. The calculator shows both.
Does early repayment make sense?
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Usually yes: every extra dram goes straight to the principal, so less interest is charged afterwards. Check your contract for early repayment fees first.