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.

A one-of-a-kind contemporary Master Estate that's set upon a beautifully elevated 1.7 acres, on Tilloo Cay.

This private Iconic Oasis is complete with a helicopter pad, a pool with an air-conditioned pool hut, and breathtaking views of the Sea of Abaco and the Atlantic Ocean.

The Newly renovated retreat is equipped with 11 well-appointed bedroom suites and 12 bathrooms. The docks are like having your own marina. It has room for large vessels and the comfort of three boat lifts.

The smaller vessels, it has stairs that go into the water for easy access, as well as dock ladders.

This natural crown jewel has a spacious outdoor entertaining area with a bar pavilion and grilling stations.

If you are seeking a Bahamian Getaway, this is the one.