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.

PRICE REDUCTION! Enjoy your privacy and comfort in this beautiful Bell Channel Club and Marina townhouse. This unit overlooks the ocean inlet into Port Lucaya Marketplace. Sit back and watch the luxious yachts and sailboats motoring past. Bell Channel Club and Marina offers a private marina for owners- if available, a heated pool, tennis courts, an owners library, a limited number of storage garages and a Reverse Osmosis system for all units. The complex is on both the canal and the beach. The HOA maintains the beach .

Special features found throughout the unit are crown moulding in every room, an antique dining room table and buffet. The living room features built-in custom book cases and book shelves. The bamboo living room furniture has been imported from Indonesia.

All of the bathrooms were renovated in 2024.

The refrigerator and hot water heater were purchased new in 2025.
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This exquisite unit is in the E building, an end unit on the second floor. You have views of the canal and ocean from the comfort of both your living room and master bedroom patios. The unit is sold fully equipped and furnished complete with hurricane-impact windows.

This second-story townhouse has three stories, with the third bedroom and ensuite bathroom on the top floor. It offers plenty of privacy and a skylight window.
The open-concept kitchen was recently remodeled, opens to the dining room flowing into the living room and the beautiful views - very spacious and airy. Safely tucked into an alcove is the bar. Conveniently located beside the antique dining room table is the bar, custom built into an alcove.

The first thing you see is our beautiful turquoise waters when you walk into the kitchen.

The full-sized laundry is conveniently located upstairs, next to the bedrooms.
Each bedroom has its own ensuite. All of the master bedroom bamboo furniture was also imported from Indonesia. Experience that island vibe when you settle into the master suite. This space offers a large walk-through closet flowing into the spacious bathroom with both a shower and tub as well as a bidet and a large double vanity.
The second bedroom is spacious and has its own bathroom just outside of the room.
Finally, the third bedroom is a secluded suite and would work well as an office or a third bedroom with its own small ensuite.

Plenty of storage space can be found on all three floors.

Call Catherine to arrange a viewing of this priced to sell townhouse.