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.

Two hillside lots available in Surfer's Beach with sunset views over the Caribbean. Just a short walk over the hill to the beach or the other direction takes you to the cliff side. There are utilities located at the end of the block. Gregory Town is 5 minutes away where you will find gas, groceries, restaurants, souveniers, nurse's clinic, post office, and more. There is also a public boat ramp available at the Gregory Town Cove. Go fishing, diving, and boating from this location.

Enjoy this beautiful area where you can fly in to North Eleuthera Airport or Governor’s Harbour Airport with daily flights from U.S. and Nassau. Harbour Island is 20 minutes north of Gregory Town. Diving trips, deep sea fishing and high end restaurants can be found on Harbour Island along with the famous Pink Sand Beach.

These two residential lots may be purchased together or individually for 25K gross each.