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.

Here's your chance to own waterfront property in Treasure Cay. This 26,790 sq. ft. parcel has 160 ft. of waterfrontage and 100% stunning views for you to build the perfect family home or relaxing second home getaway with ample space for a guest cottage or 2 and a garage.

Treasure Cay has one of the best beaches in the Bahamas and possibly the entire world. If you love the water and want it all, this community is perfect for you.

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Treasure Cay is currently home or a second home for a few hundred families and the future prospects for the area are looking spectacular.

The Treasure Cay Community offers many conveniences, including shopping, dining and car or boat rentals for those adventures. Located just 30 minutes from Marsh Harbour International Airport, getting here couldn't be easier.

Marsh Harbour International Airport has direct commercial Air services from Miami, Ft. Lauderdale, West Palm Beach, Atlanta (soon) and several flights every day from Nassau.

Abaco Island and the Cays have that unique balance of the Island life away from the crowds, but all the amenities and services are readily available.

Call or Click today to start your next adventure in Paradise.