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.

Coral Beach is a wonderful community of people who coming to enjoy the beautiful beach, warm weather, friendships and very laid back atmosphere.

This 1 bedroom condo is move in ready and has additional space for 1 more room or office!

This complex also has a common laundry room with washers & dryers that are available for all guests and owners with tokens that can be purchased at the front desk.

Last but certainly not least, this complex is located on the tranquil but vibrant Lucayan Beach. There are huts for shade right on the beach exclusively for the use of Coral Beach guests and owners. There is also a swimming pool with patio lounge chairs and tables and the Coral Reef Pool Bar and Restaurant on the premises offers a great menu for breakfast, lunch and dinner.

Just minutes away and within walking distance is the dining, shopping and entertainment of Port Lucaya Marketplace & Marina. Public transit stops are just up the street and taxis are available from the lobby. Just bring your suitcase!

Call to arrange a viewing.