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.

Private Island Home with 17 waterfront lots in the Berry Islands.

6.4 acre peninsula property at the Southern end of Cistern Cay has outstanding views of the cruise ships visiting nearby Coco Cay and Great Stirrup Cay.

1-bedroom vacation cottage built in 2012 includes ceramic tile floor, hurricane windows, metal roof, solar power, and a floating dock.

This Private Island property includes over 2,500 ft. of shoreline with cliff elevations up to 35 ft. Panoramic water views and deepwater dockage. Sandy beaches are within short walking distance. Property is suitable for resort development, multi-home development, or keep as a private estate.

The Northern portion of this 292-acre island is for sale by a different seller and features a paved airstrip that could be re-opened. There are no other homes or persons on this island at the present time.

Great Harbour Cay is 2 miles to the South and provides an International Airport, marina and all essential services. Existing cottage and dock make this private island property immediately usable for new owner/investor.

Individual waterfront lots also offered $99K to $199K.