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.

22 acres of prime waterfront property in Salt Pond Harbor. This Harbor is secured and has great depth for anchorage. Local commercial boats anchor and off load their product here at the public dock, which is 5 minutes away.

Thompson Bay is a well known spot for boaters, which is a short distance.
There are nearby cays accessible by small boat. This property extends from the main queen's highway to the rocky shore line which are approximately 700 feet waterfrontage. It was previously occupied by a fish house, which is at the shoreline which allow the local fisherman to sell their fresh product.

There was also a private home on the property where the managers lived. Great elevation which over looks Salt Pond and Thompson Bay harbor give great sunsets or a gated residential development. This acreage is suitable for a marina.

The annual sailing regatta, which attracts people from all over the Bahamas, and the world, happens right in this beautiful harbor. This property is fully serviced with electricity, telephone, and city water.

This property is located in historic Long Island, an 80 mile long island in the Bahamas with a population of approximately 3,000 people and split in equal parts by the Tropic of Cancer.

The Island is home to the popular Dean's Blue Hole, ancient caves as well as beautiful beaches with warm and welcoming locals.