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.

THIRTY | SIX, a truly limited and unique collection of residences located on world famous and coveted Paradise Island, in The Bahamas. Blending modern chic with island charm, these stunning residences feature the utmost in design, quality, and elegance. Inspiration that only Paradise can provide. Each studio, one, and two bedroom residence is professionally appointed with the latest in finished and
amenities. Owners and guests at THIRTY | SIX can fill their days with a wide variety of amenities including infinity edge pool with poolside cabana, lush tropical gardens, state of the art fitness center and championship golf courses nearby. Dozens of internationally renowned restaurants await you together with bustling nightlife, casino, and shopping at neighboring Atlantis Resort, Four Seasons Ocean Club and soon, the new Paradise Landing. All just a short golf cart ride away from your indoor parking garage.

Rental Program:
Owners who wish to take advantage of the growing demand for accommodations on the island may participate in the optional rental program thereby generating robust rental income during periods when the unit would otherwise be unoccupied. Both short and long term rentals are permitted. An aggressive Internet and marketing strategy combined with professional management & concierge team are in place to ensure attractive returns. The program is designed to allow maximum flexibility with no blackout periods or other restrictions on owner occupation.

Amenities:
"¢ Infinity pool & sun deck
"¢ Poolside cabana and bar
"¢ Onsite, 24 hr. security
"¢ Onsite generator hookup
"¢ Covered parking
"¢ Lush tropical gardens
"¢ Optional property management, concierge & rental pool management CABANA | BBQ

Interior finishes and specifications:
"¢ Hurricane rated PGT WinGuard® windows and 8' patio doors
"¢ 8' TrustileTM solid core interior doors
"¢ 7 1/4" Poplar trim on baseboards
"¢ 4" Poplar casing around interior doors
"¢ 9'6" Ceilings
"¢ All LED lighting throughout
"¢ MTU onsite generator hookup
"¢ 8' Exterior Door with BALDWIN SANTA CRUZ Hardware
"¢ 8' Exterior Door with BRAVURA Hardware
"¢ European bathroom design with zero entry shower and all Kohler sinks, fixtures, and accessories
"¢ Porcelain flooring and porcelain wall tiles inside shower enclosure by PorcelanosaTM
"¢ Rain shower head in master suite. Wall mounted shower head in guest bedroom.
"¢ Available Fully Integrated Wolf and Sub-Zero Appliances
"¢ Custom Cabinetry by Ocean Decor in kitchens and bathrooms
"¢ Stainless steel under-mount Kohler sink and all Kohler fixtures