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 beautiful 2 storey 2400 sqft canal front home offers amazing views! Both ocean and deep water canal views with easy access to the marina and access to the ocean. This home has been successfully used with the short term rental sites. Ideal for the big game fisherman in you with a fully serviced 115' dock at the ready.
Upon entering this lovely home you will find two bedrooms with a shared bathroom to the left and entrance to the double car to the right. The property comes with its own golfcart for east travelling through the community Of course there is access to the back garden and dock through the rear door. There are 5 beds in those two bedrooms so ideal for holiday makers.
This home is sold fully equipped and ready for you to vacation or start your own vacation rental property.
The master bedroom suite is upstairs .The living room, dining room and kitchen are in the open concept space of a great room with views for miles.