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.

Incredibly beautiful, secluded yet accessible and affordable paradise awaits. Stunning vacant beachfront parcel of land with 115 feet on the southern shore of Grand Bahama Island with utilities in place. Enjoy miles and miles of uninterrupted powdery white sand beach to stroll along our famous turquoise waters.

Located in the charming village of Bassett Cove with nearby restaurants, bars and convenience store and an easy 25 minute drive from Grand Bahama International Airport, downtown Freeport, shopping and harbour.

Perfect for those seeking a homesite for secluded weekend retreat. Build your dream escape, rental cottages or simply hold for future investment purposes. There's limited beachfront for such an affordable price available for purchase so don't delay.

Lot R is approximately 9,858 square feet or .23 acres and Lot S is approximately 30,217 square feet or .69 acres. Total square footage is 40,075 square feet or .92 acres.

Owner motivated. Call for details today.