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.

Welcome to this stunning elevated waterfront house located ion Russell Island, Eleuthera, Bahamas! This unique property offers breathtaking panoramic water views and soothing breezes that will make you feel like you're in paradise.
With 3 bedrooms and 3.5 bathrooms, this spacious house provides both comfort and style. Each room has been carefully designed to create a serene and inviting island atmosphere. High-quality finishes and architectural details add an elegant touch to every corner of the house.
Spanning 2,400 square feet of living space, you'll have plenty of room to enjoy island life. Whether you're relaxing in the living room overlooking the sea or preparing delicious meals in the fully equipped kitchen, you'll always be surrounded by beauty and tranquility.
The lot spans 21,000 square feet, offering privacy and outdoor space to enjoy. Picture yourself spending your evenings admiring sunsets from the terrace or unwinding in the well-maintained garden while listening to the gentle sound of the waves.
Russell Island is connected to Spanish Wells, Eleuthera via a bridge and is known for its natural beauty and serene atmosphere. Here, you'll find white sandy beaches and crystal-clear waters that invite you to enjoy outdoor activities such as boating, snorkeling, and diving.
Don't miss the opportunity to turn this house into your private oasis. With its waterfront views and exceptional design, this unique property is truly a place to relax and enjoy life in paradise.