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.

Shoreline - Grand Bahama Island's Premier Gated Community. Situated on its own idyllic white-sand beach amid beautifully landscaped tropical gardens, Shoreline is a stunningly beautiful, 26-acre, prestigious community of 76 luxuriously appointed Bahamian style residences on Grand Bahama Island. Shoreline's homes are the best real estate available in a great tax-free investment location just 30 minutes from Florida.
Number 16 Shoreline is an elegant and beautiful Azalea design home built on two floors with four bedrooms, all with ensuite bathrooms, separate guest powder room, partially shaded verandahs and a car port with space for 2 cars.
There is a generous 2,437 sq.ft. of air-conditioned space, and the total area, including decks, verandahs, and car port comes to 3,287 sq.ft. The interior of this executive home is of a very high standard with a fully fitted and equipped kitchen with granite worktops and luxury appliances to provide an immaculate area for the enthusiastic chef. A spacious, open plan lounge and dining room leads out onto a large deck while the Primary Bedroom, being on the ground floor, also leads out onto the deck.
This stylish and spacious Grand Bahama home has wood and marble floors throughout, and comes fully equipped and ready to move in. The house is tastefully furnished and the rooms are bright and airy. It's perfect for a couple or family; take advantage of the wonderful Shoreline community and amenities which include 8 pools, a ¾ acre lake, a fully equipped gym, 3 tennis courts, a pickle ball court and a community bar. A short walk (less than 180 yards) takes you to the white sand beach.
Dine al fresco on a large cool and airy verandah, you will love this beautiful, functional, fun family home.
Give us a call for a viewing today!