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.

Rare and breathtaking!
This beachfront property of over 3/4 acre with 100 feet on the Atlantic shoreline, offers the most stunning views of crystalline waters and the 3 mile long, sought-after pink sand beach, the lot being elevated at the road with a gentle slope to the water.

As shown in a photo, you can build steps down from the top of the lot to the beach.

Utilities are in place for your dream beach house!
Beachcombing, snorkeling, walking, and swimming this 4 mile stretch are the order of the day!

Lot 17 Breezeaway is located just a 5 minute drive from the Governor's Harbour Airport to the north and 5-10 minutes from shops, banks, post office, clinic, grocery stores in the beautiful settlement of Governor's Harbour just to the south. It offers beauty and tranquility with the nearby amenities of the island's capital.