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.

Placed within this 43 acre gated development in Gregory Town, Lot B-2 is 1.24 acres, measuring 173 ft. x 295 ft., and is one of 24 estate lots with underground utilities, a working pineapple farm and private access to secluded Atlantic beaches.

This unique residential community has fantastic views of the Atlantic and Caribbean sea, the rolling hills of the surrounding farms, and the partially wooded environment with both native fruit and citrus trees, orchids and natural foliage, all of which make this an amazing place to build your dream home.

Pineapple Hills is located one quarter mile south of Gregory Town and one half mile from the spectacular Cove Resort. Within minutes, you can find a variety of grocery stores, shops and restaurants in the nearby neighborhoods. North Eleuthera's Airport is just a 20-minute drive.

View by appointment and find the perfect setting for your new home. Owner financing is available!