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.

LIQUIDATION SALE!! 2.9 Acres of Incredible Beachfront in Prime Location!

- Breathtaking Beachfront Development Tract - Port of Call Drive in Property Tax Free Haven of Freeport, Grand Bahama
- 402' of Ocean frontage , 2.9 acres, with lovely sandy beach
- Zoned 'Tourist Commercial' - suitable for hotel, multi-family, or single family
- Great Location: East of Princess Isle/Xanadu Beach; West of Tyne Beach and Boat Marina,
- Moments from downtown Freeport, International airport, shopping, restaurants, casino, and entertainment.
- Full utilities in place including power, water, cable & high speed internet.
- Gorgeous Ocean Sunsets. Boat Dockage available at nearby Marina.
- Annual Service Fees paid for life for lots 19-21!
- A rare opportunity - very attractive price to serious investors
- Lowest priced beachfront acreage in this ideally located, central area of Freeport
- Highly Motivated Seller