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.

Lot 174B offers exceptional sweeping views of the Atlantic Ocean and shoreline. This large lot has 100 ft. of oceanfront and measures .68 acres. The adjacent lot is available for purchase as well and would double your oceanfront! Walk the rocky cliff or explore the tropical vegetation that warms this diverse landscape.

Appreciate the endless beauty of the shifting ocean. This elevated lot is no stranger to the cooling breezes that comfort you during long summer days. Enjoy your constant companion, the voice of the ocean, as it accompanies you during a beautiful sunrise or sunset.

See the beauty of Bottom Harbour, the beach right down the road. Relax under an umbrella with a good read or get involved with water sports in the lovely shallow water. Harbour Island is a short boat ride across the harbour and definitely worth a trip.

Check out Ocean Tally Resort, right in the community, and appreciate a tasteful meal and refreshing drink. The accommodations here are contemporary and stylish, youll be glad you stopped in for the experience!

Whale point is a residential development in North Eleuthera, near the unique Glass Window Bridge. Its a short distance to the famous Surfer Beach and the quaint settlement of Gregory Town where they host the annual Pineapple Festival.

Located only 20 minutes to North Eleuthera Airport, where there are both domestic and international flights daily. Additionally you can catch the Fast Ferry directly to Nassau from various locations.

Utilities at lot.

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