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.

Looking for that perfect 2nd home? Want to spend time on the Cay without the hassle of maintenance or upkeep? Look no further than this beautiful 3 bedroom, 2 bath oceanfront Villa. Located on the coveted North end of Green Turtle Cay, the Conch Pearl Villa has an open floor plan with unobstructed views of the Atlantic Ocean. Step across your green lawn to your very own secluded beach; THIS is paradise! This Villa is a concrete structure built in 2005 and has recently undergone a full renovation to include a reflective coating Bermuda roof, new windows, new appliances, and a host of upgrades. The master bedroom has its own ensuite and is separated from the secondary bedrooms by the spacious kitchen/family room area. Amazing ocean views from almost every room! This Villa has over 1550 sf of total living space, plus an outdoor covered observation deck to take in the beautiful Sunrises. In addition, there is a ton of enclosed storage underneath the Villa for all of your equipment! The dwelling is equipped with a water cistern and also has city water allowing redundancy for those heavy rental months.

This property is part of a highly successful vacation rental group, and ongoing property management and maintenance is available to the new owners. This Villa is situated on nearly a half-acre of land with 97', of direct Atlantic Ocean beachfront property. There is a private dock that is shared with the rest of the property; dock slip assignment is available for your boat.

Simply show up to your new home, relax and enjoy and leave the rest to us! What more could you ask for, it's the perfect property to enjoy paradise!