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.

Presenting this luxury 2 bedroom, 2 bathroom condo at Thirty Six on Paradise Island in The Bahamas.

Thirty Six is a truly limited and unique collection of 38 residences located on world famous and coveted Paradise Island, blending modern chic with island charm. These stunning residences feature the utmost in design, quality and elegance; inspiration that only Paradise can provide. The condo is professionally appointed with the latest in finishes and amenities.

An open concept design featuring a wall of glass that opens to an expansive verandah unite to create an atmospheric living space pleasing your most visceral senses. The kitchen exudes style and is complete with gourmet amenities. Large doors and windows create an elegant transition in every room to lead the spirit and the imagination to the beauty of the vast outdoor playground that is Paradise Island.

Paradise Island is the chosen home to the world's top business executives, elite athletes, and Hollywood celebrities. It is also known to have some of the world's most sought-after real estate and is easily accessible via direct daily flights from most major international hubs including New York, Miami, Toronto and London to Nassau International Airport.

Owners at Thirty|Six also enjoy world-class medical facilities, infrastructure and essential services unheard of in the region.

This condo at Thirty|Six represents one of the last remaining opportunities to become part of this select club."‹