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.

Surround yourself in the luxurious comfort of this recently upgraded, turn-key 1,340 sq. ft. 3 bed 3 1/2 bath townhouse; accented by turquoise waters and spectacular sunset views.

Fully air-conditioned, three-story townhome features a gourmet kitchen, with striking blue granite counters and backsplash, a living/dining area with new leather furniture, a powder room, and laundry. The ground floor terrace and master bedroom balcony have spectacular western views affording stunning sunsets and great views over the turquoise sea.

This unit has a great rental history which can be continued with the new owner
Located only minutes from the Cable Beach strip in Western New Providence.

Delaporte Pointe is known for privacy, security, great beachfront as well as being located in the heart of cable beach with all it's amenities.