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 in beautiful Great Exuma of the 365 cays of Exuma, this commercial lot is a prime investment for you to capitalise on throughout these beautiful Islands and Cays.

Ideally situated on the main road, this property gives you the opportunity to create the vacation or permanent home, business or office of your choice.

The property is located only a few minutes from the main airport and en route to Sandals Emerald Bay, Grand Isle Resorts and many others.

Exuma is known for world class fishing and diving and the Exuma Cays Land and Sea Park, a protected marine habitat.

With daily international flights and private charters, Exuma is easily accessible and approximately half an hour by plane from the nation's capital.

Call today to secure this prime real estate in Exuma!