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.

Situated in the high-traffic portion of Cowpen Road, this Commercial building is a rare opportunity.

The property is situated on the southern side of Cowpen Road, immediately north of Royal Palm Gardens.

Cowpen Road is a developing area with a mixture of commercial, multi-family and single family buildings. The property has an area of 7,317 sq. ft. The building is 4,010 sq. ft. It has a store front and several offices with bathrooms and a kitchen on the first floor.

On the second floor there are three, 1 bathroom apartment units. Special features of this building includes 2 Kohler transfer switches, a 10x10 electrical and manual garage, lockers, office furniture and appliances.

The building also has ground and treated water systems. Parking exists in both the front and sides of the building.

Public and private schools, food stores and other civil amenities are within a three-mile radius.

This is one of the best priced commercial buildings along Cowpen Road given the design-build and size.

Price to sell and very negotiable!