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.

Prime beachfront acreage in Morrisville, Long Island, Bahamas with approximately 382 ft. of prime white beaches stretching for miles with endless views of the Atlantic ocean.

There are small scattered reefs offshore, great for snorkeling and swimming. Its natural tropical foliage has a variety of native palms, coconut trees, seagrapes, and other scrubs throughout the entire property.

It is located in a very quiet settlement, and approximately 1-mile from the main highway. Electricity and telephone are available to this amazing property.

Clarence Town, the Island's capital, just a 10-minute drive where the government dock, marina, restaurants, bars, small grocery stores and farm store are located.

It is ideal for your own Private Estate or Resort Development.