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.

Fantastic development opportunity! Village of Westport' situated directly on Sunrise Highway at the front of Sunrise Subdivision and comprises 16 single family lots which total approximately 378,588 square feet or 8.69 Acres in size.

Each lot is zoned single family and is between 22,719 square feet and 30,000 square feet in size providing ideal homesites for middle income housing. Benefit from close proximity to the International Airport, Harbour and all amenities Grand Bahama has to offer.

Full utilities including power, cable, internet, water and telephone are available to the land.

Lot 1 is approximately 22,719 square feet
Lot 2 is approximately 22,719 square feet
Lot 3 is approximately 22,719 square feet
Lot 4 is approximately 22,719 square feet
Lot 5 is approximately 22,719 square feet
Lot 6 is approximately 22,719 square feet
Lot 7 is approximately 22,719 square feet
Lot 8 is approximately 30,097 square feet
Lot 15 is approximately 22,719 square feet
Lot 16 is approximately 22,719 square feet
Lot 17 is approximately 22,719 square feet
Lot 18 is approximately 22,719 square feet
Lot 19 is approximately 22,719 square feet
Lot 20 is approximately 22,719 square feet
Lot 21 is approximately 22,719 square feet
Lot 22 is approximately 30,005 square feet

Owner is motivated, call for details today!