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.

Lots 122 and 121 offer a combined acreage of 1.76 acres with 168 ft of pristine beachfront and 126 ft of protected canal frontage. The beachfront lot has great elevations with perfect views of Sandy Cay. The Canal frontage, while fully usable now for dockage will be maximized when the grand Canal is opened up between phase one and Phase two which will unleash the true value of the property.

Currently Power would be created by Solar and water via Reverse Osmosis and with the two lots you will have ample space to create this infra structure.

These two lots are the best opportunities on Rose Island in 2023!