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.

Restaurant and bar with good income and capable of further development. 40-50 Covers. Dance floor. Sitting on approximately 0.38 Acres and building size 5,100 square feet.

This property is located on the south eastern corner of Sargent Major Road and Yeoman Way.

This property is three miles east of Commercial District of Freeport and this area of the Subdivision is zoned generally for single and multi family construction and is in a well developed area with numerous amounts of buildings recently completed as well as a few still under construction.

This New Building replaced the former Native Hut, however this building consist of a Single Storey building with Entrance Foyer, Male and Female Toilets and Dining Area, Bar and Future Dance Floor, a Kitchen and Staff bathroom, Storage Rooms, Office and Game Room.

Please Call for more details and to arrange a viewing.