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.

An irreplaceable home and location on the best part of the ocean on the most accessible part of the Island.

If you are looking for a magical getaway, tucked on a sandy beach, Royal Wave is the house for you. It is located just a skip away from the settlement of Hope Town and a leap away from On da Beach/Turtle Hill.

Royal Wave is 2,700 sf of a captivating home away from home. It has four bedrooms, four and half bathrooms. The living area is open with a chef's kitchen ready to entertain and a grand dining area. The living room overlooks and entices you to the Atlantic Ocean that takes you out on the commodious deck to guide you out to the beach of sand and sun.

Royal Wave has an accommodating downstairs that can be designed as a full gym, additional bedroom/bathroom or storage room.

You have the privacy and the island beauty at your leisure.

A Must See.