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.

Luxury at its finest. This lovely three bed /three bath spacious condominium speaks volumes to Life at the Beach. Wake up to fresh sea breezes and gulls gently calling you down to the sugar white beaches of your own piece of heaven.

Not only does the master bedroom have spectacular views of the beach but so does the living room, kitchen and dining room . The spacious and private patio offers the perfect vista for your morning coffee or afternoon cocktails.

306 Bahama Reef is an end unit and features 2 bedrooms with ensuite bathroom and a third smaller bedroom with a guest bathroom. The stackable washer dryer are conveniently located opposite the large kitchen and you even have a large storage room for all your beach toys .

Your new home away from home is secured behind an electronic gate with night time security. There is even space for a tennis game or two and a new addition- a Pickle Ball Court.

Please call to arrange your private viewing.