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.

Welcome to a true beachfront paradise!

This amazing 3 bedroom home is located just outside of the quaint community of Tarpum bay, and is situated comfortably on a calm, shallow 'Bahama Sound' beach. Enjoy uninterrupted views of the ocean, and the tranquil beach with turtles and dolphins just a few steps from your porch.

It was built in 2016 with longevity, modern functionality and ecstatic rental guests in mind. The home is well built and includes a full sized gourmet kitchen with externally vented hood, an out door jacuzzi with spectacular views of the sunset, a large outdoor deck/patio, and every other modern comfort you could possibly need.

Its history as a rental home is almost as impressive as the view itself - as it has been rented every single week since it began renting, and its almost 100% 5-star-reviews have earned the property awards from all of the top rental, and online review sites.

This home is ready to step into and is proven to be a great investment!

Contact us now to schedule a showing.