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.

5.34 acres of incredible oceanfront in world renowned Taino Beach. Offering 480 feet of oceanfront with inspirational views of our clear Bahama waters.

An additional adjacent canalfront property .49 of an acre in size with 160 ft. of canal frontage is included in this outstanding investment.

Zoned tourist-commercial, this is IDEAL for development. Utilize the ocean front for a large or small resort and the canal property for a marina which also provides plenty of square footage for a condominium complex or resort.

Located on Jolly Roger Drive in Bell Channel, Taino Beach area, the location is home to numerous hotels, resorts, condominium complexes and is a quick drive to Port Lucaya Marketplace, International Airport, restaurants, shopping and casino.

Additionally ferry service to Port Lucaya marina is offered from a neighboring resort.

Best of all there are NO PROPERTY TAXES!