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.

Consisting of 22,000 sq. ft. of both warehouse and office space, this former bottling company sits in an ideal location, Queens Highway.

There is some repair work needed to approximately 600 sq. ft. at the front top of the building but the roof is intact. Please be aware that this property is sold in as seen condition. Ceiling height is greater than 14'.

This large space sits on 5.4 acres of lease hold land. Ideal location - within easy proximity to both the airport and the harbour. The layout of the building offers 4 large loading bay doors- three on the front and one on the side of the building.

Three phase power is in the building. Ample parking is offered and space to expand.