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.

Premiere building site situated on the north end of Green Turtle Cay. The parcel offers 30,400 square feet or 0.6979 almost three quarters on an acre of pristine beach front property.

This gradually elevated property has about sits at 12' feet above seal level. The plat has water and electric in close proximity to the property. This unspoiled location is ready for development.

The property offers both direct access to the Atlantic Ocean Beach and protected Coco Bay for those blustery days. The land is in close proximity to Green Turtle Club and Marina and the town of New Plymouth.

Bring your set of plans and we will assist with the permitting process.

More acreage available.