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.

This impressive lot is located in the luxury and gated development of February Point Resort in beautiful Exuma. This lot has one of the highest elevations in the community offering panoramic views of Elizabeth Harbour, Stocking Island, Crab Cay, and the new marina site - truly ideal for a main residence or vacation home.

Design your customized house on this picturesque island based on your unique style and tastes and you may never want to leave home again!
Homes in this community also are great investments for rental income.

This close-knit community is the perfect place for your custom-built dream home with modern convenience, but with stress-free island living.

Recognized as one of The Top Five Hottest Properties in the Caribbean by The Wall Street Journal, February Point is an exotic oasis in a luxury boutique development. The 80-acre peninsula surrounded by Exumas clear aquamarine waters are dotted with colonial-style estate homes and villas.

The resort community offers numerous amenities including a sandy white beach and crystal clear aquamarine waters, a marina, tennis courts, tennis club house, pools, gym, spa and pool bar and grill for tasty bites.

Located just a few minutes east of George Town by car, you will have easy access to grocery stores, restaurants, banks and other amenities.
The Exuma International airport is less than 20 minutes away by car and has direct flights to Nassau, Miami, Ft. Lauderdale, Atlanta and Toronto.
Several major developments are planned for Great and Little Exuma including high-end luxury resorts.