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.

This lot 6 block 3 is located one block back and across a road from the beach and it is near a beach access. It has 80 feet on the road and it goes back 100 feet for a total of 8,000 sq. ft.

Just one lot away is a breathtaking eight-mile beach that is perfect for long walks, swimming, snorkelling and sunbathing.

Greenwood is an open zoned development with houses and a boutique resort. It has electricity, telephone, internet and a water truck that delivers water to cisterns.

Lot 5 and the lot behind it lot 28 are also for sale if you are looking for a larger piece.

This beach is truly a wonder with pale pink sand and it is one of the best in the Bahamas.