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.

Large Sunny End Unit with many upgrades and almost 3,000 square feet of space.

Renovations to suit buyer reflected in the best priced end unit available at Seapointe, in the upscale gated oceanfront community of Port New Providence.
Recently painted and refreshed with 3 renovated and upgraded bathrooms, this unit is practically turnkey and priced to allow for any cosmetic improvements.

Partial ocean views from all levels and eastern facing to catch the ocean breeze and magnificent sunrises. Many amenities available at Seapointe and Port New Providence including a Private Pool, 24 hour Gated and Manned Security, access to Marina and boat slip rental, tennis courts, children's playground, clubhouse, 2 private beaches and close to St. Andrews International School, Shopping and Recreation.

A great place to raise a family with 4 miles of secure exercise space for bike riding, walking, running and skate boarding with a separate children's playground and 3 well-maintained clay tennis courts where lessons are available by a Pro onsite. 2 white sandy beaches allow for oceanfront sports like swimming, kayaking, paddle boarding and snorkelling or just relaxing and sunbathing in complete privacy.

Nearby sports activities include Junior Baseball League, Baha Junior Soccer and Junior Rugby at Winton Pitch, tennis lessons and match play at the Gym Tennis Club. Palm Cay with its Marina, Restaurant and many amenities is just steps away.

Please call to see this unique ocean view townhouse and great investment value in the east!