Loan Amortization Calculator

An amortization schedule reveals the specific dollar amount put towards interest, as well as the specific put towards the Principal balance, with each payment. Initially, a large portion of each payment is devoted to interest. As the loan matures, larger portions go towards paying down the principal. The first payment is assumed to take place one full payment period [one month] after the loan was taken out, not on the first day of the loan. The last payment completely pays off the remainder of the loan, often the last payment will be a slightly different amount than all earlier payments. In addition to breaking down each payment into interest and principal portions, the amortization schedule also reveals interest-paid-to-date, principal-paid-to-date, and the remaining principal balance on each payment date.

There are a few crucial points worth noting when obtaining a mortgage for a home with an amortized loan. First, there is substantial allocation of the monthly payments toward the interest, especially during the first years of the mortgage. You will notice that the first payment allocates about 90% of the total payment towards interest and only about 10% toward the principal balance. Not until much later payments into the loan does the payment allocation towards principal and interest even out and subsequently tip the majority of the monthly payment toward Principal balance pay down.

A sure investment this luxuriously appointed 3 bedroom, 3 bath home with large den is being sold with a long term tenant in place.

You'll love the master suite that comprises the entire top floor and boasts massive walk in closet and spa-like bath area. Features throughout the home include Marble floors, Granite counter-tops, designer decor, quality appliances and so much more.

Shoreline is a prestigious, private gated community of 76 luxuriously appointed Bahamian style Single Family Homes. Centered around a 3/4 acre lake and Incredible Communal Infinity Pool, the grounds offer 2 tennis courts, a basketball court, lap pool, tapas bar and Clubhouse with state of the art Fitness Center.

The homes are arranged in spacious crescent formations, each crescent with its own swimming pool and barbecue area. Lush Tropical Landscaping provides ample privacy.

Each home is only a short stroll to the beach, accessing miles of white sand. The beach at Shoreline is breath-taking and offers miles of fabulous white and stretching both ways as far as the eye can see. In front of the beach are two acres of private green lawn, exclusive to Shoreline.

A five minute stroll up the beach in either direction will bring you to the local beach bars and restaurants which boast superb lunch time menus.
Alternatively you may just prefer to ease yourself into a hammock and let the gentle breeze sway you back and forth beneath the shady palms.