Showing Armenia because that’s where you are.
Armenia 💰 AMD Last updated2026-05-28 Հիփոթեք Calculator
Armenia
A mortgage of 35,000,000 AMD at 11.5% over 20 years works out to a monthly payment of about 373 250 ֏, with total interest of 54 580 089 ֏ over the full term.
Mortgage Calculator
CFP® with 12+ years in mortgage & retirement planning.
Local context Հիփոթեքs in Armenia
Market overview
Armenia's mortgage market is led by Ardshinbank, Acba Bank, and Ameriabank, with the Central Bank of Armenia (CBA) setting the refinancing rate currently around 9%. Strong Russian relocation flows since 2022 and IT-sector growth have pushed Yerevan property prices up sharply, while the National Mortgage Company (ՀԱԶ) provides refinancing facilities to participating banks. The income tax refund mortgage program (եկամտային հարկի վերադարձ) lets borrowers reclaim income tax against mortgage interest, effectively cutting net rates by 2-3 percentage points for eligible buyers.
Why 11.5% is the typical rate
A rate near 11.5% reflects the CBA refinancing rate around 9%, dram inflation expectations, and country-risk spreads, partly offset for first-home buyers by the income tax refund scheme.
Tax & regulatory notes
Property transfers attract a 0.2% state duty plus notary fees, with mortgage registration at the Cadastre Committee under unified electronic procedures. The CBA enforces Regulation 8/03 on consumer lending with maximum LTV of 70-90% depending on collateral type and DTI ceilings of 45%. Law HO-122-N on Consumer Credit (2008, amended 2021) requires effective annual percentage rate (ՏԱՊ) disclosure and a 7-day withdrawal right.
A mortgage of 35,000,000 AMD at 11.5% over 20 years
35 000 000 ֏ 11.5% 20 years (240 months) 373 250 ֏ 54 580 089 ֏ 89 580 089 ֏ 
