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.

Introducing Penthouse 2 in Aqualina, a remarkable residence just a short stroll from the iconic Baha Mar resort, offering an unparalleled blend of luxury and convenience. This one-of-a-kind penthouse features four spacious bedrooms and a private movie theater that sets the stage for unforgettable entertainment. The property boasts hurricane-rated floor-to-ceiling patio doors and windows capable of withstanding winds up to 180 mph, complemented by solid core interior doors and exquisite custom trim throughout. With soaring 9'6" ceilings, all LED lighting, and elegant porcelain flooring extending inside and out, every detail has been meticulously crafted for both style and comfort. The gourmet kitchen, complete with European custom cabinetry and top-of-the-line Wolf and Sub-Zero appliances, along with a 200-bottle wine cellar, elevates the culinary experience. Offering breathtaking ocean views, private elevator access, and world-class amenities"'including a state-of-the-art gym, padel court, pool, private beach, and dock"'this fully furnished and turnkey property ensures a lifestyle of luxury. Governed by the Condo Hotel Act, Penthouse 2 must be included in the short-term rental pool, with established management by Bond Bahamas, making it a lucrative investment opportunity with exceptional ROI potential.