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.

If you are looking for beachfront Island living with all the comforts of home then this is the house for you. Fly in with your plane or dock your yacht at the Hawk's Nest Marina, just minutes away and your house will be ready for you.

It's a 3,000 sq. ft. home on a double lot, 2.4 acres with 300 feet of beachfront, 3 bedrooms, 2 bathrooms, open plan living, dining, family room and kitchen with granite countertops and kitchen aid appliances including a dishwasher and microwave. There is also a Bosch Washer and Dryer.

The house was completely re-built in 2010 with cyprus walls and ceilings, ceramic tile throughout, new plumbing and electrical and new roof that is reinforced with elastomeric paint.

The large property is easy to maintain as the natural vegetation has been kept, and there is a garage and store house, two sets of air-conditioners (4 condensers) and 2 back-up generators plus a green house, a pump house for the well and a 23,000 gallon cistern that is triple filtered so the water is drinkable. There is even an outdoor Jacuzzi, boat ramp and a helipad.

Contact us to arrange a showing! See the link to a video that was recorded at Hawk's Nest - http://www.youtube.com/watch?v=zY9es8R4PD4&sns=em

Another lot is available next door that will add another 150 feet of beachfront if desired.