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.

Located just to the south of Hawks Nest Marina, Hawks Nest Cay provides a perfect private Island get away, while also being conveniently located just minutes away from the amenities of Hawk's Nest Resort & Marina making this island one of the best private island opportunities in The Bahamas today.

The island, has great elevations all along the southern shore and a few beaches on the northern shore. Access to the island is just a hop over the beautiful Hawks Nest Creek from the marina to the island. The Creek is protected from the Ocean waves and has natural deep water so you could easily have a large dock on the island if needed.

Hawks Nest and Southern Cat Island is renowned for its' incredible fishing and the marina, air strip and resort on your door step make Hawks Nest Cay the Island of Choice at a great price.