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.

Waterfront acreage ideal for a resort development with a protected marina!

This unique peninsular of land surrounded by aquamarine waters in north Long Island is now for sale comprising two 27-acre developments known as Ferguson Point and Ferguson Beach for a total of 54 acres and offering approximately 3,552 linear feet of prime pristine beachfront with 1,104 feet along Queen's Highway 4.3 miles south of Stella Maris and 1 mile north of Simms Point, Long Island, Bahamas. Utilities are available along Queen's Highway.

This prime investment site offers privacy and seclusion, yet has easy access to the Stella Maris (15 minutes) and Deadman's Cay (30 minutes) airports, grocery stores, restaurants, clinics and government offices. There is excellent deep water anchorage that would be ideal for the development of a protected marina along with the development of private lots, houses and condos that would have both beach and dock access for a private retreat.

This is a once-in-a-lifetime opportunity for the savvy investor to own a piece of paradise in this island of treasures and beauty.