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 extremely rare opportunity to own a private island on The Lagoon of Scotland Cay and it comes with many tales to tell. This is a tale of two cays, one is a private island surrounded by the sea on all sides, while the other is a generous 1.55 acre parcel on Great Guana Cay. A true 2-for-the-price-of-1 offering. This unique double offering is located a few minutes by boat to Orchid Bay Marina and Baker's Bay luxury enclave.
The 1.7 acre fully private island already has underwater electricity supply plus a functional 30,000 gallon water storage tank to jumpstart your home building project. Known as Chandler's Cay, the charming island has an outer dock and inner private boat basin with a controlling depth of 3 feet and measure 70' x 65'. The outer dock needs minimal repairs to be made functional again and the controlling depth to the dock is 6+ feet. The outer dock is sheltered from the prevailing easterly winds but exposed to the west. As if being surrounded by 360 degrees of beauty weren't enough, the Scotland Cay lagoon is one of the most beautiful sand bars in the Bahamas. Everyday when the tide changes, the water around this cay is teeming with juvenile sealife including turtles, stingrays and myriad of different fish. In the past this property had a 3,200 SF home and private bridge connecting. Great Guana Cay in The Abaco is only 7 miles to Marsh Harbour and only 180 miles to West Palm Beach. Marsh Harbour is a small but busy town that offers international airport with excellent FBO, hardware, grocery, banking, dining amenities and all the services you may need while building or living in The Abacos. The ideal lifestyle can be found in The Abacos focused on outdoor pursuits around the ocean or exploring the pristine flora and fauna on Great Abaco Island and it is all within in very easy access to Florida and the US East coast. Suitably priced for quick sale, don't delay on this exceptional opportunity.