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 unparalleled turnkey home boasts 8 bedrooms spread across 10,000 square feet of meticulously designed living space.

Step outside to be greeted by a breathtaking ninety-foot infinity edge pool overlooking the serene canal and a brand new 2,000 square feet dock, offering a truly unmatched waterfront experience.

With multiple indoor and outdoor reception spaces, Papillon provides the perfect setting for entertaining guests or simply indulging in the ultimate level of comfort and relaxation for family living.

House - Approximately 10,000 square feet
Outdoor Terrace Space - 2,000 square feet
Swimming Pool - 2,900 square feet
Dock - 2,300 square feet

Expansive Reception Rooms:
- Formal Sitting Room
- Dining Room Kitchen
- TV/Family Room
- Bar
- Office

Outdoor Entertaining:
- 90 foot Infinity Edge Pool
- Sunset Terrace Gazebo With Hotel Bar
-Outdoor Kitchen & BBQ (Wolff)
-Outdoor Dining Terrace Over Water

1,500 sq ft Master Bedroom Suite:
-Entrance Hall
-Private Sitting Room
-Expansive Bathroom
-Two Dressing Rooms
-Two Private Terraces

8 Bedrooms:
-Master Bedroom Suite
-3 Family Bedrooms on 2nd Floor
-3 Guest Bedrooms in Guest Wing
- 1 Bedroom Apartment With Private Entrance

Additional Features:
- Two Car & Two Golf Cart Garage
- Mud Room
- Walk in Pantry & Wine Cellar
- Courtyard & Landscaped Gardens