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.

This 1.38 acre commercial tract of land has been a landmark on the Marsh Harbour tourism scene for the past 50 years.

The prime feature of the property is the 160 feet fronting Bay Street, which is arguably one of the most valuable locations in Abaco.

The key location is 100 feet to the newly rebuilt Conch Inn & Marina and 100 in the other direction is newly rebuilt Harbour View Marina. The Abaco Beach Resort is quarter mile to the north. This is as central as central gets to the growing activity of Marsh Harbour.

The parcel has a gentle slope from the road rising towards the rear of the parcel where there is an area of raised land adjoining Sunrise Bay Community on the south.

The 475 foot run from front to back provides endless possibilities for redevelopment. There is currently very high demand for residential and commercial spaces in Central Abaco.

The configuration is well suited to a short-term residential enclave at the rear, while the front could have a selection of shopping and dining. Building vertical would allow for wonderful harbour views, a place to watch the watercraft ply back and forth, height restriction would tend to be set by the 3 story building next door.

Bay Street is the busiest thoroughfare on the island of Great Abaco and see tremendous vehicle and foot traffic. The newly rebuilt marinas have several different charter boat operations already going in full swing. This property does not include any harbour front but there is a possibility to acquire the waterfront site across the street. This is a chance to join in the very strong economic recovery of Abaco Island.

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