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.

Roberts Acreage. A portion of Grant B113 Totaling 7.892 acres. The Sand Banks Creek portion of the property contains 2.633 acres with 327' of creek frontage.

The Marls side of the acreage contains 5.229 acres with 274.84' on the SC Bootle Highway. Great value for almost 8 acres of waterfront property. Nicely elevated. Native foliage.

Great location for farming or a eco resort. Easy access to Treasure Cay restaurants, bars, golf, beaches and Treasure Cay international airport. The western side of the property is located on the west side of the SC Bootle Highway.

The property extends from the highway to a natural creek that leads out to the Marls. Marls are known for its backcountry fishing. Some of the least pressured fishing in the Caribbean. Bring offers.