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.

Fabulous two bedroom condo situated on the seventh floor with amazing panoramic views of Port Lucaya Marina and Marketplace and the turquoise blue ocean beyond.

This unit boasts large rooms and has been beautifully renovated. The open living and dining room is tastefully furnished with new furniture which flows out to a breathtaking view of Port Lucaya. Great space for entertaining!

Undercover parking is provided for one car and CAR IS INCLUDED!

This condo is turn-key and move in ready.

Amenities include a large pool, boat dockage, 24 hr gated security and a gym on site. Harbour House Towers is a highly desirable location in Lucaya and this 7th floor unit is top notch.

This elegant gated high-rise overlooks the busy Bell Channel Bay and Port Lucaya Marina. In addition, expansive views of the ocean can be appreciated from the verandas. The exterior of the building affords magnificient lush landscaping, a relaxing pool area and loads of boat dockage for any size vessel.