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.

Breathtaking panoramic sea views are to be had from lots 67 and 68, block 42 Rainbow Bay, overlooking one of the prettiest beaches in the area, Hidden Beach.
In the summer it is calm enough to swim here, pick shells and watch the curly-tail lizards sunbathing on the sand and rocks. Or snorkel and admire the marine life in the clear turquoise waters.
As it is not often that 2 adjacent lots come on the market, they will grab attention as additionally they are literally just a few feet from the beach and much of the lots elevated to maximise the panoramic views.
This is a gorgeous location to build one or two vacation beach houses and lucrative short term rental cottages. Power is very close by or create off grid experiences.
Rainbow bay is well located for exploring the beautiful island of Eleuthera. With several beaches, a restaurant and tennis courts,and with shops and cafes nearby, it is a desirable place to own property.
Not far away is the settlement of James cistern, with several shops, cafes and bars and a dock to buy fresh fish. The nearest airport, Governors Harbour, is only a 15 minute drive away