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 charming spot is just a few minutes drive from Treasure Cay and the view across the Sea of Abaco looks across at Treasure Cay's Windward Beach and Great Guana Cay.

It is a spectacular setting with beautiful sheltered beachfront. The property fronts onto the highway with electricity and telephone utilities available. The property boasts 2.415 acres, it measures roughly 101 feet on the sea and roughly 978 and 1015 feet down each side.

The property has topography which lends itself well to a beachfront retreat, the waterside half is fairly level and then the road side half has a 30 foot tall ridge. This topography allows for a home or building at the beach level and then build another home on the top of the ridge for stunning views over the top.

The area has been growing steadily over the years and it is known for the abundance of turtles that live along the shoreline. It's an easy 20 minute drive to Marsh Harbour International Airport, shopping, dining and entertainment. Abaco has a wealth of highly skilled craftsmen and tradesmen who build homes to impeccable standards making building that dream home a low stress adventure. Build an estate home or develop a little cottage rental business - the location is perfect for both. Vacation rentals are growing in the area. Restrictions are limited to residential use but the options are endless. Pelagic and flats fishing are excellent and only a few minutes away from this area.

Marsh Harbour has a growing selection of commercial services and amenities while the MHH airport is gateway with direct services to Palm Beach, Miami, Ft. Lauderdale and soon to restart Atlanta run.

Don't miss out. Call today!