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.

A unique peninsular of land surrounded by warm Caribbean waters in north Long Island. This prime investment site known as Ferguson Point is an untouched paradise offering gorgeous beachfrontage, crystal clear waters providing excellent anchorage and views of Doctor's Bay to the south and Harveys Bay to the north.

A stunning 27 acres of prime land with 2,960 linear feet of water frontage.
There is also an additional 27-acre tract with 1,100 ft. of Queens Highway frontage and 592 feet of stunning beachfront with all available utilities called Ferguson Beach.

Point Ferguson's proximity to investment groups such as Cape Santa Maria and Stella Maris make for endless development opportunities including everything from an eco-friendly boutique hotel, marina village, luxury homes and condos and so much more.

Stella Maris International Airport, with daily flights to and from Nassau and direct flights from Ft. Lauderdale, also offers private landing facilities. All this is just 15 minutes away for easy and comfortable travel.

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.