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.

150-151 Emerald Circle is a one of a kind home in New Providence with it's striking fully open plan ground floor, incredible lush landscaping, and beautiful interiors with a full lawn set on a double ocean view lots.

This home is perfect those looking for privacy while still having a beautiful ocean view. The downstairs living area has large cut travertine tiles centred around an open-plan gourmet kitchen with its signature dining countertop, top-of-the-line appliances, centre island, wine cooler and more. There is also a formal dining area facing the sea and comfortable living area with a 70 inch TV set into a mahogany lined display case.

The back side of the ground floor is lined with 8 ft. windows and doors that flow out to a covered living area and the pool, and lush eureka palms beyond.

Upstairs there are 4 full bedrooms, with 3 bathrooms, all with beautiful light bamboo flooring. The master is bathed in sunlight through its south and west facing windows, has an ocean side balcony, two large walk in closets and an office. Three other fully appointed bedrooms complete the upstairs area with the main guest room also with incredible views. All bathrooms in the house have been recently updated.

The grounds are fully enclosed with lush mature palms, a full lawn, a standby generator with an automatic switch. 150 Emerald Circle is set across from the Treasure Cove Beach Reserve giving you easy access to the beach and assuring your view forever.

This home would make an ideal vacation rental property with a great return. It simply must be seen to be appreciated.