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 beautiful 18,185 square foot oceanfront lot in Chub Cay offers a southern-facing orientation, providing breathtaking views. With 100 feet of oceanfrontage and excellent elevations, it's an ideal canvas for realizing your dream home in a truly spectacular setting.

The Chub Cay Club is an exclusive members-only club catering to individuals who appreciate fishing, luxury, privacy, and a high-end island lifestyle. To access the club's amenities, owners are required to become members.

Situated in the Berry Islands, this region is renowned for its exhilarating dive sites and exceptional sport and bill fishing opportunities. Comprising 30 islands and cays, a significant portion of them remain uninhabited, preserving their natural beauty. The area is also home to a diverse range of dive sites including caverns, reefs, walls, and wrecks, as well as a notable 600-foot-wide blue hole, making it a paradise for diving enthusiasts.