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.

The Towne Hotel is a great investment opportunity for an investor to add a historical hotel with a proven track record to their portfolio. The hotel consists of a 1, 3 story building with 47 guest rooms. The Towne Hotel is located at #40 George Street, Downtown Nassau, Bahamas. The neighborhood is the most active commercial area in Nassau, with approximately 95% developed in hotels, offices, restaurants, churches, and other commercial buildings. In addition, the Towne Hotel is 1 of the 4 hotels that are located in Downtown Nassau, 1 block from Bay Street and within close proximity to Junkanoo Beach, the Straw Market and the Cruise Port.

The Towne Hotel offers a variety of amenities to its guests including a restaurant, bar, guest lounge and a pool with an outdoor lounge area. The Towne Hotel offers 3 types of rooms, a standard room, junior suite, and a superior room. The amenities in the rooms consist of TV, telephone, air conditioning, refrigerator, microwave, sofa bed, balcony, ceiling fan, patio, private bathroom, cable channels, pool or city view, and outdoor furniture.