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.

A beautiful Private Island with great views. The Cay is also known as Goat Cay or Mrs. Bullards Goat Cay. The Cay is situate on the southwestern coast of Great Exuma.

The southeastern tip of Big Bullard Cay is situate only about 400 feet from the area known as Deadman's Cay on the mainland of Great Exuma. A deep channel separates the Cay from the mainland at that SE tip. The southern side of the Cay is bordered by shallow water, the greater portion by marl and mangroves.

Nearby on the southeastern coast of Great Exuma lies Crab Cay. 96.73 acres of the Cay are available for sale; the remainder is Crown Land.

Access available from lot on Deadman's Cay suitable for building a dock.