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.

Nestled in the clear blue and turquoise waters of the Atlantic ocean, this large open zoned property has 258 ft. of beach front. Ideal for a private residence with extensive gardens or for a low density multi-family development, Sugar Loaf is located near the international airport, Cockburn Town (the largest settlement on San Salvador) and Club Med.

Columbus's first expedition to the New World landed here in October 1492 and was greeted by one of the smallest and most unique islands in The Bahamas. Five marine and terrestrial national parks, Watling's Blue Hole and a myriad of activities including bonefishing, kayaking, kitesurfing, snorkeling and scuba diving (San Salvador is considered by many as the best scuba site in the country and the 3rd best on Earth) await you.

Historical sites include Watling's Castle, originally a Loyalist Plantation House, the Lookout tower at French Bay, the Fortune Hill Plantation (an example of British Colonial architecture) and the Dixon Hill Lighthouse which took over 30 years to complete and is said to be one of the few lighthouses in the world needing manual operations.