A fixed rate mortgage has the same payment for the entire term of the loan. An adjustable rate mortgage (ARM) has a rate that can change, causing your monthly payment to increase or decrease. Use this calculator to compare a fixed rate mortgage to a Fully Amortizing ARM.
AMERICAN SAVINGS BANK P.O. Box 2300 Honolulu, HI 96804-2300
MAIN BRANCH Bishop Square 1001 Bishop Street Honolulu, HI 96813
Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment and/or financial advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.