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 Exuma View, an exquisite and serene community nestled in the heart of Little Exuma.

This exceptional listing presents an opportunity to acquire a stunning property along with the possibility of the adjacent lot (lot 938, priced at $45,000). Each lot boasts an approximate size of 10,000 square feet, contributing to a combined estimated total of 20,000 square feet.

Discover the allure of Tropic of Cancer Beach, merely a brief 5-minute drive from your doorstep. Indulge in the convenience of nearby dining establishments, offering a taste of local flavors and experiences.

For those seeking easy access, Exuma International Airport is conveniently situated just a 30-minute drive away.

Imagine your idyllic island home at this prime location. Your dream awaits in the tranquility of Exuma View.