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 stunning beachfront condo offers truly amazing ocean views with private access to the sea.

Build to the very high standards, this Condo is luxurious, and has that island decor style, high ceilings, custom doors, hurricane impact windows, back up generator and so much more.

It boasts of 2 master bedrooms, furnished with king sized beds and 3rd bedroom with a Queen Sized bed and ensuite bathrooms and large walk -in closets in each bedroom.

The living room and master bedroom have direct access to the terrace where you can enjoy the ocean breeze and spectacular sunsets.

Spacious living room opening onto large kitchen where the feeling of space is underlined by the height under the ceiling and the large windows that bathe the house in light, offering an amazing views of the ocean.

There is a lovely swimming pool with sun loungers.

Situated in a gated, quiet community offering space and privacy in a perfect paradise setting.

Call for a viewing today. You will not be disappointed.