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.

Spectacular acreage on the beautiful Caribbean side of Long Island, with 1,200 ft. of white sandy crescent shaped beach stretching for miles. Crystal clear shallow turquoise waters provide excellent anchorage in the sheltered bay for enjoyment of evening sunsets. Lot 4 is less than 100 ft. from the highway and close to a restaurant and bar, medical clinic, grocery stores, hardware stores, liquor stores and service stations, with Cape Santa Maria Beach Resort is only 20 minutes' drive away.

The beach is lined with lush green plant life and natural native trees such as natural palms, casuarina, sea grape and many others. As you step into the beautiful water, the sand feels like talc powder, superb for swimming, snorkeling, diving and kayaking. It has a natural reef which protects this amazing beach.

These lots are centrally located with city water, cable tv, electricity and telephone at the site. Lots 1 and 2 can also be purchased together or separately. Stella Maris International Airport, with daily flights to and from Nassau, that also offers private landing facilities, is less than 9 minutes away for easy and convenient travel.

This prime investment site is an untouched paradise offering gorgeous beach frontage and endless development opportunities, including everything from an eco-friendly boutique hotel, marina village, luxury homes and condos and so much more. A once-in-a-lifetime opportunity for the savvy investor to own a piece of paradise in this island of treasures and beauty.

Make an offer today and build your dream vacation home!