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.

Located in the enchanting Love Beach community on the western side of New Providence, Vilara Villas offers an intimate collection of six luxury townhomes, each designed with a striking modern aesthetic and innovative architecture.

Each two-storey interior unit villa at Vilara Villas spans 1650 sq. ft. of meticulously designed interior space comprising of 3 bedrooms and 2.5 bathrooms. The living experience is enhanced with 900 sq. ft of captivating outdoor space, featuring a private plunge pool and an outdoor kitchen, perfect for entertaining and relaxation. Inside, residents will enjoy top-tier stainless steel Samsung appliances, sleek porcelain tiling, a luxurious modern kitchen, and energy-efficient LED lighting.

Vilara Villas is conveniently situated only 6 minutes from the International Airport and a mere 5 minutes from exclusive private club communities, shops, and restaurants. Significantly, it is positioned just a 2 minute walk from the pristine white sandy beaches.

This exclusive, gated development not only offers the potential for Permanent Residency in paradise but also an excellent Return on Investment as the surrounding area has already shown impressive appreciation in property values.
In addition, short term rentals are allowed.

Anticipated Completion: July 2025