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.

Beauty and elegance define the Caribbean House, a perfect place for family and friends to experience in comfort the wonder of an island lifestyle.

Nestled within the 43-acre gated development, this elevated lot (60-80ft. above sea level) measuring 1.23 acres (253 ft. x 231 ft.) is one of 24 estate lots with underground utilities, a working pineapple farm and private access to secluded Atlantic beaches. Pineapple Hills is located one quarter mile south of Gregory Town and one half mile from the spectacular Cove Resort.

Witness fantastic views of the Caribbean sea, the rolling hills of the surrounding farms, and the partially wooded surroundings with both native fruit and citrus trees, orchids and natural foliage, all of which compliment the landscaped lawns and stone walkways.

Built in 2014, this two-story designer home is a post and beam structure with native hand cut limestone walls and Hardie system exterior. The interior upper level measures 2,400 sq. ft. of air-conditioned space, plus over 1,400 sq. ft. in patios and decks. The lower level measures 1,600 sq. ft. where the utility/garage area is found. This home provides more than 5,400 sq. ft. of fantastic island style living.

There are 3 bedrooms with ensuite baths (master bath is a walk in with multi-head shower and bench) and one powder room for the general living area. Vaulted ceilings, travertine marble floors, granite counter tops and a native stone fireplace are some of the lovely features. All exterior doors and windows are vinyl, impact rated.

Appliance Package: Stainless Steel General Electric: consists of French door refrigerator/freezer, five-burner cafe model gas range with overhead vent/fan, dishwasher, icemaker, microwave and gas fireplace. Side by side washer and extra large dryer, two 30-gallon electric water heaters, two 400-gallon water holding tanks with pump and pressure tank system are all in place. The A/C consists of one 5-ton Lennox central unit for the main area and split systems for each bedroom.

Focused attention to details and high-end finishes make this home an exceptional example of quality workmanship with luxury island living benefits. Owner financing available