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.

Charming 1,900 sq. ft. 3 bedroom 2 bathroom beachfront home with a private airport and the Hawk's Nest marina just minutes away to keep your plane or yacht.

The house sits on a 1.2 acre lot with 150 feet of beachfront and it has an open plan living room, dining area, and kitchen with appliances including a microwave, and there is a freezer and ice maker in the garage.

The house was completely re-built in 2006 with ceramic tile throughout, new plumbing and electrical and new roof that is reinforced by elastomeric paint.

The outside has patios on both sides, two garages a generator house, a cistern and an outdoor Jacuzzi. The large property is easy to maintain as the natural vegetation has been kept.

A perfect place for a peaceful getaway!