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 impressive home has just been totally renovated, newly furnished and re-equipped to an exceptional level. It has approximately 3,500 sq. ft. of interior space over 2 storeys and consists of:

A Dock space (#11) immediately opposite the house has been paid for by the owner for use by the tenant.

Ground floor:

Elegant terraces front a central entrance, to the left a spacious open kitchen dining room, and family sized TV room with new 65 Sony TV, to the right a powder room , a 10x9 office, and a spacious 18x15 living room. Ahead the rear door leads past a household and garden equipment storeroom and onto a covered terrace and large garden. A separate laundry room with WC and the 420 sq ft double garage with additional parking for two cars complete the lower floor arrangements.

2nd floor:

The large fitted out master bedroom features an ensuite bathroom with duel vanities, large rain shower and walk-in closet with a total 20 ft of hanging space is available. 2 guest bedrooms have built in closets, large 9 drawer dressers, a desk and chair, night stands with lamps and will be configured to the renters choice of beds ie: queen ,doubles singles etc. They share a double vanity bathroom. All bedrooms have terraces. All windows in the principle rooms come with privacy sheers and fully lined blackout curtains. Remotely adjustable ceiling fans with lights are a feature throughout the house and on the terrace.

This newly fully furnished home is situated on an 11,000 sq. ft lot, has Wifi, a new fully automatic 40Kw generator, is fully air-conditioned, with a separate split unit for the master bedroom.

Garden area:

A large approximately 110 x 30 back garden fronted by a covered patio for outdoor relaxing and entertaining with separate access from the kitchen and adjoining an intimate stone garden featuring night blooming jasmine, desert roses and pink hibiscus. The amenities of Sandyport include a nearby pool, tennis courts and children's playground. This house is just waiting for the right executive resident to discover it.