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 4 bedroom, 4 1/2 bathroom house with separate living room area, dining room area, family room area, and breakfast nook off of the kitchen is located on Paradise Island just steps away from the famous One and Only Ocean Club and Cloister Gardens. Enjoy the lifestyle that Paradise Island has to offer with endless shops, restaurants, beautiful beaches, spas, and The Atlantis Casino. The finest finishes and furniture available today have been used to complete this magnificent home.

Special features include:
-Theatre room with theater seats, surround sound, and 90' TV.
- Plasma TV's in all bedrooms and breakfast nook
- Speakers and volume control in every room
- Each room hard wired for internet
- Stereo equipment includes satellite radio
- Security camera with intercom at main entrance door
- Hot tub on second floor balcony
- Steamer in master bathroom shower complemented by 6 body massage jets
- Travertine floors with custom travertine stair treads
- Spectacular glass stair rail
- Granite counter tops
- Miele kitchen appliances
- Custom kitchen cabinets
- Custom doors throughout
- Hunter Douglas window treatments
- Quality windows and French doors with impact glass
- Ceiling fans in all rooms
- 13 Quality oil paintings adorn the walls throughout
- 5 Zone air-conditioning
- Private swimming pool with natural rock formations and waterfall
- Views of Nassau Harbor
- Secure gated community

No detail has been overlooked in completing this immaculate turn-key home. This house is fully furnished and ready for immediate occupancy.