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 immaculate and new condo is ready and just waiting for your occupancy. Options are available for unfurnished, semifurnished and fully furnished.

It is the perfect investment for your family and would be a good investment for your financial portfolio because of its ideal location and modern structure.

Just above Caves Heights, off West Bay Street, a stroll down the hill, from the beach on West Bay Street and minutes away from Sir Lynden Pindling International Airport, this new gated community has a growing population of Professionals and International Buyers. The security booth is in place and owners have remote access to the gate. Gated fees are not charged at the moment and will be determined by the buyer and other owners.

Also nearby is the exclusive Baha Mar Resort and Caves Point. The 1st end unit and Unit 3 remain available at time of publication.

Invest today for a great return.