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.

Ripe for development, this property is located approximately 5 miles from Equinor facility, as a means of reference. It encompasses 11.95 acres on the beach side of road, measuring 604 on the beach by 885' deep

This is the ideal property for a joint venture, lease or an outright purchase. This is open zoning so you are limited only by your imagination.



There is an additional property directly opposite, across the road heading north. It encompasses 160 acres, measuring 609' on the Grand Bahama Highway north by over 11,000, deep along the Riding Point Road.

Consider a hotel, agriculture, recycling plant, theme parks, - plenty of space for ECO Tourism.