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 Home! This prestigious estate is located within this quiet, secure, and family-oriented executive community of Destini Lakes in South Westridge. This modern 4 bed, 3.5 bath 3,000 sq ft home is definitely a gem worth viewing.

The open entrance way and foyer are stunning. Showcasing a beautiful chandelier that leads you down the hall into the spectacular living spaces. The gourmet kitchen features dark wooden shaker cabinets, granite countertops, and a contrasting backsplash that works perfectly. Marvel at the 10ft ceilings which flow throughout the entire house with wonderful details of crown molding, trays, and recess lighting.

The ground floor also provides a full laundry room that is accessible from the stylish dining room. Presently, now being used as an entertaining space complete with a pool table. Situated just across from this space is a guest bedroom with an en suite bath.

The gorgeous master suite has two full walk-in closets and a bathroom that's simply remarkable, showcasing a separate shower, standing tub, and double vanity. Enjoy the abundance of natural lighting which enters the master from the double glass doors that give access to the large balcony. There are two additional comfortably sized bedrooms on the second floor with tastefully designed bathrooms of their own.

Other special details of the property include central air conditioning, roll-down shutters for extra security, a backyard fire pit and gazebo, a convenient Storage shed, ample space for parking, an automatic front gate, and a completely enclosed yard.

This newly established community is fast-growing and is located near the exclusive high-end communities of Old Fort Bay & Lyford Cay and just minutes from the International Airport. Conveniently close to restaurants, banks, gas stations, grocery stores & nightlife.

Give me a call today to view this impeccable home!