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.

Great opportunity to own three beautiful side by side residential lots on and overlooking the beach being offered as a single parcel and located in the fast growing and extremely private Tilloo Cay Subdivision.

This property sits among a neighborhood of high end island style homes with great views of Lubbers Quarters and the Tahiti Beach area.

Each lot offers approximately 11,000-12,500 sq. ft. with nice elevations and is only less than 50' from the beach with no obstruction. A large shared community dock is a few minutes walk away as is Atlantic side beach access.

Electricity is available and it's a short boat ride to nearby Elbow Cay, Lubbers Quarters, and Marsh Harbour where you will find all your shopping, dining, banking, etc needs. Or just out the channel to world class fishing and diving!