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.

Natural beauty and absolute tranquility await at this elegant private island escape along the stunning coastline and peaceful shores of Windermere. Accessible only by a guarded bridge that connects to the mainland of Eleuthera, The Suites of Windermere are ideally located on 300 feet of unmatched beachfront overlooking the alluring blues of the Atlantic Ocean.

Sun Kissed offers an array of sleek finishes and a thoughtful layout. This newly renovated 2-bedroom, 1 1/2-bathroom suite is a stunning example of vibrant Caribbean living. Features of this 1300 sq. ft. home include a beautiful 30-foot wide deck overlooking the Atlantic and powdery pink sand beach, picture windows, and sliding glass doors offering views from every room, and central air conditioning throughout.

Beyond the welcoming entryway space, the home flows into a luminous, open-concept living, dining, and kitchen area. New Harvested Coral Stone floors compliment the minimalistic kitchen, which is equipped with white Corian countertops, a custom Italian tile backsplash, Malibu cabinets, and a suite of high-end stainless steel appliances. The bedrooms sit just off the living area, each with a beautiful view and private access to the oversized bathroom with ceramic tile flooring, tiled walls, and a glass-enclosed shower with a bath. The added dressing area with ample closet and storage space completes the layout.

This boutique building, recently renovated with high-end eco-friendly materials, incorporates only 10 units and 6 owners; the complex is lushly landscaped and professionally managed and maintained for the best of island living without worry. private parking, reserve water storage, and a newly installed automatic standby generator ensure uninterrupted comfort. A custom-made stone driveway lined with tropical palms leads the way to your tropical home away from home.

Windermere Island is a private gated community. A discrete choice for those seeking an extraordinary, unspoiled island paradise, An inviting, members-only club boasts fine food, exciting cocktails, and a lovely space to gather with family and friends. A heated swimming pool, tennis courts, and fitness room are included. Boat access to the Atlantic and the calm waters of Savannah Sound is a unique bonus for boating and fishing.