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 studio comes with a king bed and a living area with a sofa bed as well as a kitchenette area with microwave and a large en-suite bathroom. It is located on the resort side of The Residences at Atlantis, 9-914 which is a location in the building that is highly sought after.

Owners of the residence enjoy an awesome combination of Turnberry residential elegance including an owner's private gym and a concierge desk dedicated to owners and they will have full access to all of the wonderful facilities that Atlantis has to offer including the water park and the golf at the Ocean Club Golf Course.

Owners will enjoy any 90 days in residence per year and the rest of the time their residence will be placed in the hotel pool of rooms creating a wonderful income for the property owners.

The ownership experience at the Reef Tower at Atlantis will be effortless with all the expenses taken care of out of your income from the rental proceeds and processed by the Atlantis Accounts Department and Owner Services.

Don't miss this opportunity to own an exceptional residence on Paradise Island!