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.

Three gorgeous waterfront residential lots located at The Headland of Kemp's Creek. Combined they offer over 500 feet of waterfront on almost 1 acre of naturally landscaped native island coppice showcasing a diverse collection of Bahamian plants, trees and palms.

High elevations of over 20 feet offer commanding views over sparkling blue and turquoise waters, a magical creek teaming with sea life and unforgettable sunsets. Rated in the top two best snorkeling locations on Eleuthera, Kemps Creek is magical. Excellent year round swimming, paddle boarding, fishing, boating and more. Nearby Ten Bay is a bone fishers dream and beachcombers delight.

Just minutes away from the settlements of Palmetto Point and Savannah Sound, Kemps Creek and its stunning island charm is known to be one of the most exclusively desired areas on Eleuthera. Utilities are at the lot. Easy access from two airports and its proximity to Governors Harbour provides all you will need to build and enjoy your private and serene coastal oasis.