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.

This immense waterfront lot offers an outstanding opportunity for an investment to be made. Located just two and a half miles east of the Four Seasons Resort, the lot boasts 140 feet on the Atlantic ocean and has a depth of 250 feet. Zoned for multi-family living, this location is ideal for a unique apartment complex or a family wanting a private estate setting.

Elevations in the center of the lot are roughly 40 feet boasting views of Four Seasons Resort, Emerald Bay golf course and the many elaborate and elegant homes in the area. Government supplied utilities including water are also available. There is access to a beautiful beach, within a 5 minute walk from the lot, where the snorkeling is fantastic! This is the opportune time to invest in this land and the prospects of its potential. Buy it today because it may be sold tomorrow!