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.

Here's your opportunity to own a prestigious, newly built home in an executive community. Completed in 2012, this home offers nearly 4,000 sq. ft. of living space.

Through the exquisitely landscaped front lawn - enter the 8ft. tall wooden door into the foyer that separates the formal dining and living room areas with 10 ft. ceilings entirely throughout.

Ideal for entertaining, the casual living area opens up to the back patio using the floor to ceiling glass doors. The modernly designed kitchen has custom wooden cabinets, granite counter tops and hosts a suite of stainless steel appliances including a wine cooler as an added bonus.

The master bedroom, located to the eastern side of the home, is not of common size. This space of this room doubles the size of a normal master not including the ensuite bath that has double sinks, a jacuzzi tub and separate shower.

With two additional bedrooms on the main floor, this home also includes a 'secret' game room on its second floor. Completely outfitted with a full bar, pool table, theatre, office space and extra bedroom - it is the ultimate 'man-cave'.

Other added features of this home includes a large back patio and pool, central air system, hurricane impact windows, two car garage, spacious car port and modern security system.

Don't take our word for it - arrange a viewing today!