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.

Prime beachfront acreage with 1,200 ft. of white sandy beaches along the crescent shaped beach stretching for miles.

This property is adjacent to Dean's Blue Hole, one of 10 top blue holes in the world.

This property has natural native trees such as natural palms, casuarina trees, sea grape trees and many others.

As you step into the beautiful water, the sand feels like talc powder, superb for swimming, snorkeling, diving and kayaking. It has a natural reef which protects this amazing beach.

Dean's Blue is a national treasure, and is the island's desired beach location.

An International free dive competition is held here annually. This property extends from the main highway to this natural beauty.

Airport, medical clinic, grocery stores, hardware stores, liquor stores, service stations are all within a short drive of 10 minutes.

Clarence Town, which has the government dock, where the weekly groceries and goodS arrive weekly is a 10-minute drive.

It is centrally located with City Water, Cable TV, Electricity and Telephone at the site.