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.

Just listed! A choice parcel of land fronting the enchanted Sea of Abaco. Watch the lighthouse turn at night or ponder the iridescent waters in the day right at your doorstep.

The location is unbeatable with easy access to all the amenities that Marsh Harbour has to offer, including the International Airport and the Abaco Beach Resort. Cherokee Aviation is currently hosting record numbers of private planes showing strong evidence of a growing economy and a rapidly expanding real estate market.

Abaco is one of the best kept secrets for luxury playgrounds and is regaining its stellar reputation of being a world class destination. This choice homesite is at the heart of it all, and within the prestigious residential community of the Great Abaco Club.

Comprising 13,845 square feet with 261.38 on the water, the GAC has a setback variance that allows the building footprint within 6 feet of the property boundary. Covenants and a healthy welcoming HOA ensure the neighborhood will maintain its quality appeal. The property includes a private dock slip for a 60' vessel within the sheltered private boat basin.

Live the dream and have it all at an affordable price point. Adjoining parcel 6A also available.