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.

Come home to the ultimate in luxury island living at this ocean view penthouse within the gated community of Love Beach Walk. Situated on a secluded one-mile beach on the western end of New Providence, and just minutes away from the international airport and prestigious developments of Lyford Cay and Old Fort Bay.

Immaculately maintained and beautifully furnished, this 3-bedroom, 3.5-bathroom apartment is offered turn-key, ready for you to move in and enjoy. Soaring ceilings and sliding glass doors grace the expansive living, dining, and kitchen area designed for ease of fun-filled entertainment. Two guest bedrooms, both en-suite, are located just steps away, including one that is currently used as a study. A vibrantly colored and exquisitely decorated primary bedroom transforms into a luxurious suite, which opens onto the main balcony and boasts stunning sea views. At the same time, the primary bathroom is accented by his and hers basins, a large walk-in shower, a spacious closet, and ample storage.

Other interior highlights include an entry foyer and powder room that have been beautifully decorated"'a fully equipped kitchen complemented by stainless steel appliances and a large banquette for entertaining. Outdoor balconies are ideal for al fresco dining while taking in the views of the turquoise waters.

The condo features a spacious laundry room equipped with a separate washer and dryer, a laundry sink, and ample storage space. It has central air conditioning along with ceiling fans. There are also hurricane-impact windows and doors throughout. The building has a generator, an elevator, and coded door entry.

Overlooking blue-hued waters, Love Beach Walk is a roughly 4-acre gated development that comprises five condo buildings on the beach in the western district of Nassau. It offers 24-hour security, a large pool area, and direct access to a mile-long, deep, and private powdery white sandy beach. It is also conveniently located just minutes from Nassau International Airport. Within a short drive are grocery stores, pharmacies, shops, restaurants, bars, and schools.