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.

This Lakefront 9,900 sq. ft. lot is located in the new development of White Crown Paradise Resort.

The Lot is located in Love Hill, Central Andros. The exclusive development of White Crown Paradise Resort features a residential gated community.

White Crown Paradise resort features its very own walking trail, a beach site, Lake site, Clubhouse and staff which will take care your property when you're not there. The Largest Blue Hole and open sea are just 5 minutes away from the development.

This residential development with the surrounding attraction is perfect for a vacation rental.

Are you ready for Nature and a Home in Paradise?

The Developer also offers House Construction packages.

Call us today!