Exhibit 107

CALCULATION OF FEES TABLE

FORM S-3

ARMOUR RESIDENTIAL REIT, INC.
(Exact name of registrant as specified in its charter)

Table 1: Newly Registered Securities and Carry Forward Securities

Security Type

Security Class Title

Fee Calculation or Carry Forward Rule (3)

Amount Registered (1)(2)

Proposed Maximum Offering Price Per Share (1)(2)

Maximum Aggregate Offering Price (1)(2)

Fee Rate (3)

Amount of Registration Fee (3)

Carry Forward Form Type

Carry Forward File Number

Carry Forward Initial effective date

Filing Fee Previously Paid in Connection with Unsold Securities to be Carried Forward

Newly Registered Securities

Fees to be Paid

Equity

Common Stock

Fees to be Paid

Equity

Preferred Stock

Fees to be Paid

Other

Warrants

Fees to be Paid

Other

Depositary Shares

Fees to be Paid

Debt

Debt Securities (4)

Fees to be Paid

Unallocated (Universal) Shelf

Fees Previously Paid

Carry Forward Securities

Carry Forward Securities

Total Offering Amounts

Total Fees Previously Paid

Total Fee Offsets

Net Fee Due

(1)     As permitted by General Instruction II.E of Form S-3 under the Securities Act of 1933, as amended (the “Securities Act”), the fee table does not specify by each class of securities to be registered information as to the amount to be registered, proposed maximum offering price per share, and proposed maximum aggregate offering price.

(2)    An indeterminate number of the securities of each identified class of securities is being registered for possible issuance from time to time at indeterminate prices. Includes an indeterminate amount of our securities as may be issued upon conversion of debt securities, shares of preferred stock or warrants registered under this registration statement.

Exhibit 107

(3)    In reliance on Rule 456(b) under the Securities Act, the registrant is deferring payment of all of the registration fees due hereunder, which will be calculated in accordance with Rule 457(r) under the Securities Act.

(4)    If any debt securities are issued at an original issue discount, then the offering price shall be in such greater principal amount as may be sold for an aggregate initial offering price of up to the proposed maximum aggregate offering price.