American Savings Bank - Home  
Questions? Account Log-In
Personal Business Investments Insurance   Current Rates Locations Open An Account
Change Sections  
Residential Loans
  Loans
    Mortgage Center
    Residential Loan Officers
    Check Rates
    Apply Now
    Loan Status
    Resources
 



To choose another calculator, simply select one from the drop-down list below and click "Go!"

 
Points Calculator
Should you buy points? Buying points when you close your mortgage can reduce its interest rate, which in turn reduces your monthly payment. But each "point" will cost you 1% of your mortgage balance. This calculator helps you determine if you should pay for points, or use the money to increase your down payment.

In order to use our Financial Calculators, your Browser must support Java™ applets. It appears that the necessary Java™ Plug-in has not been installed on this computer. A free download of SUN's Java™ Plug-in can be at http://www.java.com/en/download/help/index.jsp. After the install has been completed, you should be able to use all of our calculators.
Definitions
Term Number of years for this mortgage. Most common terms are 15 years and 30 years.
Mortgage amount Total balance for your mortgage.
Interest rate Annual interest rate for this mortgage without purchasing any discount points.
Years in home The number of years you expect to live in this home or the number of years before you refinance your mortgage.
Principal and interest Monthly principal and interest for this mortgage
Points The number of discount points you need to receive the lower rate. Each point costs 1% of your mortgage amount.

icon FAQs

IMPORTANT INFORMATION ABOUT THE CALCULATORS


Home | Locations | Career Opportunities | Contact Us | Site Map
Security | Privacy Policy | Disclaimer | Terms Of Use