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.

Wild Berry Cay is a beautiful and uninhabited virgin island in close proximity to Florida with approximately 90 acres of land and incredible views over the sand banks to the west, and the sparking turquoise waters to the east. There are a number of pocket beaches that surround the island with some cut paths to access them and a small structure on the island.

The island has approvals in principal for Luxury Glamping resort on the island

Located just 2 Miles North of Chub Cay with a rejuvenated club, marina and 5,000 ft Air Strip with a Port of Entry, Wild Berry Cay has good elevations - up to 40 ft. It is approximately 1/2 mile wide and 1 mile long. Located in exceptionally fine fishing area and has mostly black fertile soil. There is good deep water access on the eastern side of the island, while still remaining protected as it is set back from the perimeter Oceanfront Ring of Islands

Wild Berry Cay will make a beautiful private family retreat or resort development with easy access to the port of entry Chub Cay.