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.

High Point Manor is situated in the gated community of High Point Estates which has its lowest point of elevation fifty feet above sea level and is located in the Western District of New Providence.

There is a communal playground and swimming pool.

This 8-unit Colonial development is beautifully designed and represents an amazing investment opportunity and place that you can call home.

These very spacious 3 bed, 2.5 bath townhouses are built out of solid concrete and reinforced steel which meet the highest building standards.

The townhome includes 9' and 10' ceilings, crown moldings, laminate hardwood flooring, tiled bathrooms, ceiling fans in the bedrooms and living room, walk-in closet in the master suite, modern light switches, recessed lighting, granite counter-tops in the kitchen, custom built cabinets, hurricane impact resistant windows, washer & dryer hookups, a private patio and more!

Each unit has three 2.5 ton central a/c units.

Call today to view.