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.

Located approximately 2 miles from the Harbour on Queens Highway opposite The Bahamian Brewery this commercial site consists of 20 Acres. This site consist of three (3) parcels including 2 five (5) acre tracts of raw land and 1 extraordinary commercial building which sit on 8 acres.

Totaling 86,396 square feet this building was intended to serve as a distribution center for product management, the import-export of products. The company is positioned to provide cost effective import-export services and distribution/warehousing capabilities as a result of its close proximity to the Freeport Container Port, which is a transshipment hub of The Americas.

The warehouse phase is measured at 440 feet by 183 feet for a total of 80,520 square feet of warehouse space and approximately 6,000 square feet of office space.

On the ground level entrance is the lobby, private lunch room, locker room, additional storage, male and female bathrooms, and various offices. On the upper level consists of reception area, conference room, computer room, private lunch room, and an assortment of other offices.

On the ground level at the rear of the building is a Receiving area which includes a section for shipping, receiving and customs.