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.

Enjoy your own exotic private beach lagoon looking out towards Bakers Bay on Great Guana Cay.

The Estate size parcel with a very generous 2.982 Acres offers over 340' of beach and waterfront and includes half of unique private peninsula.

The location is ideal for having both beachfront and the option to have a private dock. Conveniently located between Treasure Cay and Marsh Harbour, with sea-life teeming right off the rocks. The property has electricity supply ready to connect or build your private solar farm and live sustainably off grid.

Marsh Harbour International Airport offers direct service to several cities on the US East Coast with the Atlanta and Charlotte routes about to restart. The property is ideal for creating a private retreat, quiet abode or a little vacation cottage project. Parcel 1 has intriguing remains of an old limestone structure built in the 50's. Enjoy the relaxed and friendly island lifestyle of world renowned Abaco Island and Cays.

Easy access to the whole world and all the modern conveniences, yet worlds away from ordinary.

Click to connect today for more details on this stellar opportunity.