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.

Welcome to this exceptional duplex in the coveted West Winds neighborhood, where modern elegance meets practical living. Each unit in this meticulously maintained property offers an expansive layout, perfect for families, investors, or those seeking a blend of comfort and convenience. Both units have 2 bedrooms and 2.5 bathrooms. Open concept living and dining area

Enjoy the perks of living in a vibrant neighborhood with a community park, pool, and dining options. The West winds community also offers 24 hours surveillance.

This property is fully landscaped and has a four car driveway.

Whether you're looking to invest, occupy one unit and rent the other, or enjoy the entire duplex, this property is a must-see.