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.

Beautifully maintained, contemporary, top floor, 2-bed, 2-bath, unit offered for sale in the popular gated community of Venetian West.

This spacious, 991 sq. ft., turn-key ready unit comes fully equipped with comfortable, top-of-the-line fittings, fixtures, and furnishings and includes an additional 237 sq. ft. of balcony space.

All kitchen appliances are stainless steel. There is plenty of countertop space, including a well-proportioned quartz breakfast bar with three stools. Other Kitchen amenities include a double stainless-steel sink and more than ample cabinet space.

Both the master bedroom and the second bedroom have en-suite bathrooms with rain shower fixtures and European-style bathroom vanities. The bathroom in the second bedroom doubles as a guest bathroom and has two doors, one opening into the bedroom and the other into the hallway.

The east-facing balcony overlooks a gorgeous, well-manicured garden and spans the width of the living room and the master bedroom.

Exterior features include decorative shutters, metal roofing, a steel-reinforced concrete foundation, two designated car parking spaces, a covered entrance foyer, and hurricane impact windows.

There is no shortage of amenities! A state-of-the-art Club House with a grand entrance, community gym, changing rooms, pool, kitchen and media room, children's playground, tennis court, basketball court, volleyball court, communal kitchen with bar space, and lushly landscaped grounds ensures there is something for everyone!

Venetian West is comprised of just over 200 condominiums and townhomes and is conveniently located within proximity to Solomon's Fresh Market, The Old Fort Bay Town Centre, the exclusive gated communities of Old Fort Bay, Lyford Cay and Albany, Charlotteville and Turnberry, the Lynden Pindling International Airport, Lyford Cay School and Windsor Preparatory School.
This property is perfect for rental investment property offering great returns, also suitable for small families (international school within walking distance), or use as a retirement condo.

Call now to arrange a private viewing appointment.