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.

Only minutes from the airport and Baha Mar Resort Casino and Water Park, Goldwynn is contemporary Island living beyond expectation, designed to cater to your every need. A boutique setting with separate Condo/Hotel and Luxury Residences, provides the perfect sanctuary for solace and privacy amidst the sophisticated amenities of Cable Beach.

At over 2,795 total sq. ft., this spacious fully custom furnished corner unit on the Residential side offers 2 king ensuite bedrooms, 2 full bathrooms with Grohe fixtures, rainforest shower heads and toto toilets, a full kitchen equipped with Miele & Liebherr appliances white lacquer cabinets and Silestone counter tops in a spaciously large living and dining area.

The unit sleeps 6 with an extra queen murphy console bed, laundry room and 3 private balconies with an additional 1,100 sq. ft. of outdoor entertaining space containing custom teak furnishings. Stunning natural light and breathtaking views of both the ocean and the golf course, this unit is perfectly situated to catch the eastern breezes.

Goldwynn allows homeowners the option to further benefit from the sanctuary of the residential retreat. With amenities that include beachfront infinity pool and private cabanas, 3 options for elegant seaside dining, underground parking, state-of-the-art Techno gym fitness center with weekly yoga classes on the white sands of Cable Beach, a spa that offers a full menu of massage, facials, and beauty treatments, multi-function area, private residential rooftop bar and pool and extra storage lockers.