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.

This exceedingly beautiful Shoreline home is a rare gem in the bevy of beauties that is Shoreline!

The owners chose to design their home with a unique flair, making this home stand out from the rest.

Entertain your guests in the extra large living room- they have added an addition 4 ' to the rear of the home while still allowing for a large lanai overlooking the well manicured landscaping that Shoreline has become known for.

The kitchen is part of your entertainment space and is a showcase itself with beautiful granite counter tops and stainless steel appliances. The bar height kitchen peninsula is ideal for breakfast or serving your guests.

Your guests will stay in the two guest suites which are tucked privately off to the side on the main floor, each with their own en suite bathroom and generous closet spaces.

The master bedroom is grand, taking up the entire second floor- complete privacy with its huge master bath, shower and double sink vanity. It even has its own little tv room tucked away, or perhaps you would prefer to snuggle up on one of the window boxes and enjoy a good book.

Now I am sure you want to know what makes this beautiful home so unique, so unlike every other Shoreline home. Tucked into the private TV room is a large spiral staircase.

An automated door opens to the most incredible views you could imagine- the only house in Shoreline with a Widow's Walk! This home may not be directly facing the beach but you still have an amazing view of our turquoise waters, white sandy beaches and the surrounding landscape.

The Shoreline development is a stunningly beautiful, private, gated community of 70 homes. This community offers some of best real estate that our island can offer. Beautiful island-inspired architecture, colourful and well built homes surround a large man-made pond frequented by shore birds of all shapes and colours. The community offers a wide array of amenities, everything from the numerous pools, a hot tub, bbq areas, a large community gathering spot, tennis courts, private club house and gym.

Shoreline is just a short drive from the Port Lucaya Marketplace for your shopping, dining and entertainment pleasure. Perhaps you would enjoy a little gambling at the hotel or golfing with your friends.

Grand Bahama offers all of the amenities of the big cities but with our own small town flair.