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.

Powell Cay is located approximately three miles north east of Coopers
Town on the mainland, which is the northernmost settlement on the island of Great Abaco. It is located between Spanish Cay and Manjack cay in the Sea of Abaco.

Powell Cay consists of a total footprint of approximately two hundred and
ninety four acres with a portion of the island being owned by the crown and in the process of being made into a nature preserve, which would make the island the ideal place for a 5 star resort location or amazing private retreat.

This portion of the Cay lies in an approximate northwest to southeast
orientation with the northern side having an Atlantic Ocean exposure and
the lee side facing the Sea of Abaco with relative protection. The northern
beach is typical of Atlantic exposure with its shallow profile sandy beach.
This private cay is perfect for a resort project!

Powell Cay is simply one of the most beautiful Cays in the Abacos.