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 9th floor junior suite is the newest offering at Atlantis. With beach views and state of the art design, the suite is beautiful inside and out.

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The Residences at Atlantis is a suite dreamland of a condo-hotel adjoining the Atlantis Resort. Owners of The Residences will enjoy an awesome combination of Turnberry residential elegance and Atlantis's abundant amenities.

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The adjacent Atlantis Resort offers recreation, dining, gaming and entertainment. Discover the world's largest marine habitat, explore ancient architectural ruins, thrill the many water slides and stroll on miles of beautiful beaches. Play golf, tennis, basketball; snorkel, sail, fish, or dock your yacht at the full-service marina. Additional amenities include a fitness center, luxurious spa, 17 gourmet and casual restaurants, 18 lounges and clubs, duty-free chic shops, and a spectacular casino.