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 Horizon West 2, where tranquil ocean views and luxury awaits you.

Unsurpassed Lifestyle and Location
Located in one of the last ocean front lots on the iconic West Bay strip, enjoy close proximity to the airport, Albany, Cable Beach and Baha Mar. Local restaurants and coffee shops are within an easy stroll.

Horizon West offers a lifestyle of tranquility and luxury. Each private villa encompasses two levels of beautifully composed spaces, taking full advantage of your private ocean views.

Outdoor Living
Steps from the beach, you can walk in the sand or bask in your sun soaked entertainment space featuring a private plunge pool with gorgeous views of the Bahamian waters.

Indoor Living
A modern contemporary aesthetic with three ensuite bedrooms that exude peace, elegance and grace.

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