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.

Create your custom dream home in a prime tropical location.

This stunning private Golf and Atlantic Estate Lot is set on an elevated bluff that offers incredible views of the signature 18th hole and the Atlantic Ocean. To the south you will enjoy fabulous views of the 17th hole, a dramatic par 3 that has the Atlantic as a water hazard behind the green.

The lot is 1.4 acres and offers 200 feet of golf frontage, ample room for your architectural vision to be realized. This is the backdrop for the beautiful home and future that you envision for yourself, your family and friends.

ABOUT THE ABACO CLUB

Dramatically perched 65 feet above sea level and surrounded by the boundless natural beauty of its own private Bahamian peninsula, The Abaco Club is the perfect antidote for modern-day life. The Club was created to fulfill a vision - that of an international sporting club that would transcend anything the world has ever seen. Today, under the guidance of Southworth Development, The Club has entered a new growth phase. One in which residents, club members and guests will see dreams come true on a daily basis, while they enjoy an array of world-class leisure amenities like the infinity edge pool, Tip Top Poolside Lounge, a day dock, The new Yacht Club in Little Habour, tennis courts, pickle ball courts, basketball, sailing, snorkeling, kayaking, bocce, volleyball and a Scottish-style links golf course that has been perennially ranked as the finest course in the Bahamas. A world-class golf practice facility was completed several years ago. Flippers Beach Bar and Grill is undergoing a huge expansion that will only elevate the beach and dining experience at the club. Diving, bone fishing and deep-sea fishing are also popular activities. Located only 170 miles east of Palm Beach, FL, The Abaco Club is a pristine, 600-acre retreat that offers the pleasures of graceful island living to a discerning few.

The Abaco Club spreads graciously over almost 600 acres of spectacular peninsula, with over two miles of white sand beaches and natural dunes. Sweeping panoramic views can be enjoyed from The Cliff House, where a private dining room overlooks the tropical hues of the ocean, 18th green and Winding Bay. Whether enjoying a soothing massage at the exclusive Spa, a game of tennis or pickle ball or simply relaxing poolside overlooking the sparkling turquoise waters of Winding Bay, each day invites new ways to experience the luxuries of total escape.

Traveling to The Abaco Club:

Traveling to the Abaco Club could not be easier. Abaco's largest airport, Marsh Harbour International (MHH), has numerous non-stop daily flights from Florida (West Palm Beach, Ft. Lauderdale, Miami and Orlando) and Nassau and caters to all private jet traffic. New direct flights on American Airlines from Charlotte, NC are offered seasonally.