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.

Future Development in Grand Bahama was designed several years ago and will contain 2,000 acre select luxury living residential community in Grand Bahama, 18 hole oceanfront golf course along the south side of the Grand Bahama development and a second world class 18 hole Jack Nicklaus designed course.

The Bahamas clubhouse will offer fine dining, a spa service, state of the art training facilities and locker rooms.

This prestigious residential development is offering oceanfront, canalfront and golf course land for sale. All the infrastructure for utilities has been completed. For the mega yacht owners this Grand Bahama development boasts a large, full-service marina.

This is an excellent Investment for the future.

Give us a call today!