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.

Enjoy your privacy and comfort in this excellent Bell Channel Club and Marina townhouse. Overlooking the ocean outlet to Port Lucaya Marketplace with views of the Grand Lucayan Hotel and the large marina beyond. Bell Channel also offers a conveniently located and safe marina for your vessel, a heated pool, tennis courts, limited storage garages, and a Reverse Osmosis system for all units.

This exquisite unit is in the E building, an end unit on the top floor. Views of the canal and ocean from the comfort of your living room and its patio, as well as the master bedroom and its patio. The unit is fully equipped with hurricane-impact windows and is offered fully furnished. If you are interested in the artwork, that price can be negotiated.

This townhouse has three stories, with the third bedroom and bathroom on the top floor, which have lots of privacy and their own skylight. The open-concept kitchen was remodeled in 2020, opening to the dining area and then to the living room, which is spacious and airy. Out of the way but close to the table, you will find the bar opposite the dining table, which is the perfect location. The first thing you see is our beautiful turquoise waters. The laundry is conveniently located upstairs, next to the
bedrooms. Each bedroom has its own ensuite. Experience that island vibe in the master suite gives that island vibe with a bamboo 4-poster
bedroom suite. This space offers a large walk-through closet into the spacious bathroom, offering 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. Finally, the third bedroom is secluded and would work well as an office space, or that third bedroom has its own small ensuite. Plenty of storage space can be found on all of the floors. Call Catherine to arrange a viewing of this townhouse that is priced to sell.