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.

With upcoming multi-million-dollar development on the horizon, now is your opportunity to purchase these 2 undeveloped acres at a great price.

These 2 acres are located near to St. Michael's Anglican church in Roses, Long Island and are 1 lot away from the main road where all utilities are in place.

The lot is untouched and open zoned, ideal for you to take advantage of upcoming development with a single family main or vacation home, residential or commercial development, the choice is yours.

Long Island is one of the more southerly of the Bahamian Islands and almost 57 miles long. The island once produced salt and is home to livestock and agricultural farms.

Make these 2 acres in beautiful Long Island yours today!