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.

This wonderful oceanfront 4-bedroom, 4-bath residence offers an open floor plan with a spacious living room, dining room and gourmet kitchen that is equipped with high-end stainless steel appliances and granite countertops.

French doors lead you outside where you can enjoy dramatic ocean views just beyond the spacious deck, hot tub and pool. The house offers privacy and ensures relaxation when you are stretched out on any of the many loungers located on the back deck.

Watch the sunrise or golfers finish the signature 18th hole or just fall asleep to the sound of waves splashing against the iron shore, it's truly heaven on earth!

Outstanding features of the residence include: four large bedrooms each with en-suite full bathrooms, a large open plan great room that has been professionally decorated with luxurious fabrics and beautiful furnishings. The master bedroom has a king bed and French doors that lead out to the spacious back deck. The second bedroom on the main floor also has a king bed and a private deck that looks out to Winding Bay. The third bedroom upstairs is equipped with a king and a full bed that has a single trundle pullout tucked neatly underneath. The fourth bedroom has two queen beds and another full bed with a single trundle pullout. This upper level can accommodate two families or many, many children in absolute luxury.

Other amenities include wireless Internet, flat screen cable TV's and a laundry room on the upper level.

This fabulous residence is conveniently located close to the Cliff House and infinity edge pool, spa, fitness center and the beach.