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 well constructed 2-Unit Townhouse Complex includes a 3-bed, 3.5 bath and a 2-Bed 2.5 Bath. The Units are 90% Completed.

The Building covers 5,708 sq. ft. on the inside and sits on a 14,982 Lot.

These Executive Townhouses offer many modern amenities. The ground floor comprises of a beautiful entry foyer that opens to a open living concept with Ceramic floors, high Cyprus wood ceilings, wooden kitchen cabinet with granite counter top, marble tile flooring, quality fixtures and hurricane impact windows and doors.

West Winds is a safe, secure community which boast a playground, recreation center, shared pool and tennis court. Conveniently located just steps from the beach and a short drive to dining, golf, world class spas and the airport.

With the right offer it becomes a great investment for any investor.
The seller is motivated.

Call our office today to arrange a viewing of this great investment property.