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.

Located in TAX FREE Freeport, Grand Bahama, a short 28 minutes flight from South Florida (Miami/Fort Lauderdale)

•Two like new buildings completed in 2008. Former site of a window manufacturer and a rubber extrustion manufacturer.
•Both structures are built to Miami-Dade code enforcement standards for hurricane safe facillities.
•Built FIVE feet above the historic flood plain, the buildings sit on four acres of land centrally located in the heart of Freeport's Industrial center, minutes from one of the world largest man-made ports and deepest in the region centrally located at the intersection of major North American, South American, Far East and European tade routes.
•The Freeport Grand Bahama Airport, the large private airport in the world, is less than a mile away.
•This Bonded area site falls under the Grand Bahama Port Authority jurisdiction for licencing, guaranting long-term tax concession and benefits for commerical and industrial enterprises.
•Includes 3 generators capable of running both factories, 24 hours a day.
•Building #1 25,800 sq feet of interior space.
•Building #2 20,000 sq. feet of interior space
•2 ton overhead Gantry crane covers 3200 sq. feet of building #1.
•Multiple elevated loading docks, one ramp.
•Both factories ceiling height at 30 feet
•Men's and Women's toilets in both factories
•Kitchens, lunchrooms, cafe/canteen
•4800 sq foot air conditioned offices
•Secure storage rooms, air conditioned interior work rooms, production offices
•Reception area
•Second story reception area/open office space
•Office space for more than 13 cubicals
•Managers/owners office in both buildings
•Elevated storage
•Climate controlled labratory
•Interior secure storage space.
•Heavy duty security doors and locks
•Hurricane impact resistant windows and doors

The modern production facilities are some of the newest on the island. Each building is equipped with fire alarm/sprinkler system, smoke detector, air-conditioning, exhaust fans, insulation, security surveillance system, gated secure 2 acre (4 lot/2 lot) fenced compound, separate men's and women's rooms in each building, lunch and conference rooms, separate offices, in excess of 40 parking spaces, 3 raised loading docks, one raised ramp, and dual entrances for easy tractor trailer turnaround.