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.

Suffolk Court, is ideally situated just minutes from Freeport city and a ten-minute drive to Freeport International Airport. A much sought after Bahamas property, this private gated six-acre development is surrounded by tropical gardens and lush waterways ensuring privacy for the residences. The property development consists of 85 exclusive apartments, each with balcony views over the waterways towards Xanadu Beach or of the beautifully landscaped communal gardens. A strong feature of this Bahamas property is the waterways, where instant access is provided to the sea. Suffolk Court has mooring berths available for lease or purchase. The mooring berths have been designed to cater for boats up to 40 foot. Parking is also available with each apartment. A high quality finish and attention to detail make this Bahamas property a must see!
Features
Heated community pool & hot-tub
Mooring berths available to lease or purchase
Gated community
Professionally designed cabinetry
Private patios or balconies with each apartment
Telephone outlets in master bedroom & kitchen
Cable outlets in family room & bedrooms
Smoke detectors in all bedrooms
60 gallon quick recovery water heater
Energy efficient air-conditioning system
Food waste disposal system
Double bowl sink with single lever faucet with sprayer
Vanity cabinets with mirror
Kitchen appliances included- washer dryer, self cleaning cooker, dishwasher, refrigerator, microwave oven
Pre-wired for cable TV