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.

A fantastic opportunity in Governor's Harbour awaits the right investor.

This expansive 31 Acre open zoned sea-to-sea acreage offers prime ocean frontage on both sides of the island. It stretches from the tranquil harbour side, traverses the width of the island, and culminates in 400' of sandy beach frontage on the Atlantic, offering a gateway to the finest powdery pink sand beach that extends for miles.

The property is adjacent to the fabulous French Leave resort, a Marriott Autograph collection boutique hotel with 20 villas, and its worldclass waterfront restaurant 1648. It also encompasses 400 feet of frontage on the harbour side, making it a highly desirable area for a possible hotel, or other commercial development.

Sunsets and water views overlooking the harbour and historic Cupid's Cay are spectacular. Elevation at the highest point of the tract of land are approximately 50'.

Shops, bakeries, restaurants, entertainment, airports, and ferries (both passenger and freight) are all within close proximity. Three Island Dock with water taxis to world famous Harbour Island, and picturesque Spanish Wells, is also within easy reach.

Eleuthera is currently experiencing robust development.

Investors and developers will want to seize this prime real estate development opportunity.

Own this property and enjoy sunrise and endless walks on the most fabulous stretch of pink sand beach in Eleuthera, AND sunset on the dock of the bay. Every day.

Do not miss this opportunity. Call to make a private viewing appointment today.