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.

Three parcels of land totaling 6.404 acres located 1.1 miles northwest of North Palmetto Point, near Carey's Pond, are being sold together with frontage on both sides of the prestigious Bank's Road!

This undeveloped property has open zoning and is suitable for a sizeable residential/commercial development. With partial sea views of the Atlantic and gentle breezes, this package has elevations of up to 80 feet and includes a 1,000+ foot long, 20 foot wide, unpaved access road. Utilities can be pulled directly from the Bank's Road.

The settlements of Governor's Harbour and North Palmetto Point with an excellent selection of restaurants, shops, miles of pristine pink sand beaches and easy access to the airport, are just minutes away. In addition, Windermere Island, La Bougainvillea (boutique hotel), Unique Village resort, Pineapple Fields, and Tippy's restaurant are all close by - making this affordable acreage the perfect location for your next land investment!

Parcel 1 = 2.242 acres, rectangular "“ comprising 2,078 acres south of Bank's Road with approximately 146 linear feet of frontage on Bank's Road, and 0.164 acres on north side of Bank's Road bordering Carey's Pond.

Parcel 2 = 2.329 acres, trapezius shaped, immediately south of, and contiguous with, parcel 1

Parcel 3 = 1.833 acres, rectangular with dimensions of approximately 783 ft x 100 ft, adjacent to and east of parcel 2

Call now to arrange a private viewing, or to obtain further details.