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.

Discover the perfect opportunity for investment at Fairway Close, an exclusive community nestled in the heart of Coral Harbour. This collection of prime single and multi family lots are ideally situated within walking distance to pristine beaches, offering a tranquil lifestyle combined with convenience.

Lots range from $100,000 to $135,000 and with sizes from 7,215 sq ft to 9,185 sq ft.

See reference numbers, lots and prices available below.

NS63097 - Lot 8 - $85,000 - 7,215 sq ft, single family - UNDER CONTRACT
NS63096 - Lot 4 - $95,000 - 7,863 sq ft, single family - UNDER CONTRACT
NS63101 - Lot 16 - $100,000 - 7,265 sq ft, single family - UNDER OFFER
NS63104 - Lot 51 - $100,000 - 7,977 sq ft, single family - UNDER CONTRACT
NS63105 - Lot 52 - $100,000 - 7,977 sq ft, single family - UNDER CONTRACT
NS63098 - Lot 12 - $110,000 - 9,159 sq ft, single family - UNDER CONTRACT
NS63102 - Lot 17 - $110,000 - 9,185 sq ft, single family - ACCEPTED OFFER
NS63112 - Lot 35 - $110,000 - 7,427 sq ft, multi family - OFFERS SUBMITTED
NS63094 - Lot 30 - $115,000 - 7,776 sq ft, multi family - UNDER CONTRACT
NS63095 - Lot 31 - $115,000 - 7,451 sq ft, multi family - UNDER OFFER
NS63099 - Lot 14 - $115,000 - 8,493 sq ft, single family - UNDER CONTRACT
NS63100 - Lot 15 - $115,000 - 8,868 sq ft, single family - UNDER OFFER
NS63103 - Lot 50 - $115,000 - 9,147 sq ft, single family - UNDER CONTRACT
NS63093 - Lot 29 - $120,000 - 9,169 sq ft, multi family - UNDER CONTRACT

Whether you're looking to develop a thriving multifamily residence or create a vibrant community, Fairway Close is the ideal location to turn your vision into reality. Don't miss this opportunity to invest in a desirable area where lifestyle meets convenience!