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.

Nestled within the charming beachside community of Long Beach, this picturesque 10,400-square-foot property epitomizes coastal living at its finest. A perfect harmony of comfort and convenience, this well constructed, lovingly maintained home offers a unique blend of tranquility and accessibility.
Step into the 2,000 SF, 2-bedroom, 2-bathroom residence and experience an inviting interior filled with natural light. The stunning "Ocean Room," designed for relaxation, features oversized windows that create a bright, airy atmosphere and provide the perfect setting to unwind, read, or simply enjoy the peaceful surroundings.
Surrounded by lush fruit trees and native foliage, this property truly embodies paradise. Immerse yourself in the serenity of nature, where each day begins and ends with the gentle rhythms of coastal living.
The spacious 460-square-foot loft adds versatility to the home, lending itself perfectly to a home office, artist's studio, or cozy retreat"'offering ample room for creativity and personalization.
A hidden gem of this home is its fully enclosed but unfinished ground level. With abundant storage and additional workspace, this area offers the opportunity to expand your living space or create an ideal hobby room.
Designed for ease and practicality, this turnkey 12-year-old home is just steps from the beautiful "7-mile Crossing Beach" so you can spend more time enjoying the relaxed beach lifestyle. It is sold fully furnished and move-in ready. Construction features include a durable wood frame supported by concrete posts, Hardi exterior, and an asphalt roof.
Adding to the convenience, the property comes with a 2007 Toyota Noah van. Long Beach is located 45 minutes south of Marsh Harbour and the Marsh Harbour International Airport.
Don't miss out on this exceptional opportunity"'call today!