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.

The Abaco Club has been graced with topography that is both stunning and diverse, highlighted by more than two miles of powder-soft beach on Winding Bay. Create your own custom estate in a prime tropical location within a private club atmosphere. This fantastic beachfront lot is approximately 1.4 acres and offers 200' of beach frontage. Ideally located at the far end of Winding Bay beach where Rocky Point protects that area and ensures calm swimming in crystal clear waters right outside your future home.

Just a short golf cart ride away is the Taco Food truck, bar and water sports center. A bit further down the beach is Flippers Beach Bar and Grill and The Beach House Restaurant. The future Winding Bay Club and community pool, including lap pool, are right next to the Beach House. Other amenities include pickleball, tennis, basketball, the bike center, pro shop, a driving range and short game facility, a fitness center and a full-service spa.