As part of our ongoing commitment to protect our client data, we are upgrading the security on web servers at the end of June. This upgrade will affect access to our digital services for those using outdated systems. To see how you can be prepared for this update, please click here . Thank you, Amegy Bank.
ARM vs. Fixed Rate Mortgage Calculator
Use this calculator to compare a fixed rate mortgage to two types of ARMs, a Fully Amortizing ARM and an Interest Only ARM. 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.
These calculators are provided by one or more third party service providers. Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. The bank cannot and does not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes only. Use of these calculators does not constitute an application for, commitment to extend, or approval of, a request for credit. The calculated results are in no way endorsed, offered, or guaranteed by the bank, our subsidiaries or affiliates. These calculators do not offer tax, legal, or financial advice. We encourage you to seek personalized advice from qualified professionals regarding all personal financial issues.