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.

Never been lived in, this newly constructed customized Shoreline home is simply one of the best the development has to offer. Luxuriously furnished features include granite countertops, custom cabinetry, vaulted pickled wood ceilings, marble floors and extensive wrap around wood patios. Enjoy gorgeous ocean views from the upper level balcony off the sumptuous master suite and guest bedroom.

This superb island treasure includes open living, dining and kitchen area with separate den and a large office. There are 3 upper level bedrooms each with ensuite full bath and balcony access.

The bottom level of the home offers a finished suite with a full bath that can be used as guest quarters, family area or home theater.

Not to be missed, the home also includes a remote access 2-car garage and rear patio with ample storage.

Shoreline is a fantastic, private gated community of 76 luxuriously appointed Bahamian style Single Family Homes spread over 26 acres. Centered around a 3/4 acre lake with incredible communal Infinity pool, Shoreline offers 2 tennis courts, a basketball court, lap pool, tapas bar and Clubhouse with state of the art Fitness Center.

Each home is only a short stroll to the beach, accessing miles of white sand. The homes are thoughtfully arranged in spacious crescent formations, each crescent with its own swimming pool and barbecue area. Lush tropical landscaping provides ample privacy.

The beach at Shoreline is breath-taking and offers miles of fabulous white sand and stretches 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.

If snorkeling in your backyard or easing into a hammock and letting the gentle breeze sway you back and forth beneath the shady palms appeals to you, then Shoreline is just what you've been looking for!