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.

The Diamond House is being offered pre-construction.
This gem is located on the waterfront of Flamingo Bay and has a total of 3,842.7 sq ft.
This single family home has 4 bedrooms, 2 bathrooms, 2 kitchens, 2 large terraces, a parking garage with space for 2 cars and a swimming pool. The house is also constructed in such a way that it is resistant to all weather conditions that are conceivable.
Its angled walls give the house a shape resembling a diamond. The walls of the house, all made of smooth special composite, continue into the outside space giving the house its unique shape.
The garage and guest rooms are situated on the ground floor. A hall splits the ground floor into two spaces and connects both gardens. The main living and the master bedroom are located on the first floor, from where there is an unlimited view over the ocean.
Most important is the large terrace along with the pool. This is probably the place one will spend most of their time enjoying the Exuma Blues.

Please contact me for further details!