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.

Located on the northern end of swashbuckling Tilloo Cay lies Hurricane Hole, this nature made, perfectly sheltered anchorage is teeming with sealife.

With just under a 1/2 acre of lush, native foliage, this is a great location to build a tropical island home.

Enjoy exceptional sea views, peace and tranquillity. Lubbers Quarters Cay is just to the west and Elbow Cay is a short boat ride to the north where you can find wonderful amenities such as The Abaco Inn, Firefly Resort and the world-famous candy-striped lighthouse.

The solid limestone parcel of land has good elevation estimated to be 8 feet over sea level. The 70' "L' shaped dock and the 10,000 lb boat lift in the cove need minimal repair to become fully functional once again.

The dock has a draft of at least 4 feet and the slip at the end of the dock should be able to easily accommodate vessels up to 60'. There is high voltage underwater electricity lines and a transformer in place to tie in to for power. Much of the heavy lifting has been completed here to help jumpstart a construction project. There are several competent builders with experience in the area, get in touch today to find out more details.

This is the ideal spot for an avid boater to create a perfect island getaway catching the tropical sunsets from your waterside gazebo. The 16' x 16' gazebo has a concrete floor and steps to the water which endured a major storm and did not suffer any real damage.

The pristine turtle grass bed just offshore is an ideal place to watch for turtles or dolphins in the early mornings, or watch the marine traffic ply their way out Tilloo Cut to test the offshore fishing grounds.

Tilloo Cay is a very short 5-min. boat ride to Elbow Cay and a 20-min. ride to Marsh Harbour where you will find shopping, dining, schools and the Leonard Thompson International Airport.

Call or Click today on this prime opportunity for an ocean lover.