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 resort site ready for development, encompassing 25 acres of land, with 1,670 ft. of sandy beachfront in a calm protected bay.

Restore this once thriving location, previously the home of the Winding Bay Hotel, and in later years the all-inclusive Venta Club, into a world class health retreat, a secluded tropical of the beaten track boutique hotel, an eco lodge, or a dive resort.

Utilities are available from nearby Davis Road and can be pulled to the site.

Winding Bay Beach is one, out of many, exceptional beach sites on the island of Eleuthera - it offers a more secluded beach experience and its calm water is perfect for snorkeling, paddle boarding, swimming, walking, turtle spotting, sailing and fishing.

Tarpum Bay, the nearest town, is a quiet and peaceful settlement with restaurants, locally grown farm produce, fish provisioners at the local dock, and local supply stores.

There are three readily accessible airports, and with direct flights to and from Miami, Fort Lauderdale, Atlanta and Charlotte out of North Eleuthera airport, this makes Eleuthera a great option for travelers looking for a tropical getaway in one of the less discovered islands in The Bahamas.

Call now for further details on this great development opportunity in an increasingly popular resort destination.