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 most favored destination and private escape for the lucky few!
To live on this shore is to live well.

Winderemere Island lays along the Atlantic coast of the great island of Eleuthera, displaying the beauty of powder pinks sands on the Atlantic shores, and hues of aquas and blues unimaginable. Accessed by guarded bridge, it is your private island getaway.


These two elevated lots selling together, creating three quarters of an acre, 220 feet on Savannah Sound, a veritable beach at low tide. Cleared, and ready for building.


Getaway to dolphins playing in your backyard, bonefish congregating, fresh conch for lunch, sharks mating, spectacular sunsets and the occasional paddleboarder cruising past.


Enjoy the Club for tennis, poolside lunch and wonderful dinners. A small gym to get in an extra workout and a library for the non media preferred.

We can build your home and private dock in a few short months! Don't hesitate, these properties are priced to sell!