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.

Well priced one bedroom unit on an elevated level at The Reef. This one bedroom unit not only affords you the most gorgeous views of Paradise Beach and Nassau Harbour but provides you with a relaxing atmosphere in a home away from home.

Newly updated designer furniture, concierge services, and beach and harbour views are just a few of the perks. This exclusive ownership experience is unlike any other in the Caribbean where you can enjoy the benefits of luxury, without ever worrying about the headaches of a second home.

In a residence where every amenity is at your fingertips, don't forget to sit back, relax, and take it all in. Have one of Atlantis' chefs cook you dinner in your suite, invite neighbours for a drink on your balcony, or splurge on a private spa treatment in your own condo.

Owners can enjoy any 90 days in residence per year and the rest of the time the residence is placed in the hotel pool of rooms, creating a great income opportunity for the property owners.

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