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 is an elevated waterfront building lot with panoramic views of Elizabeth Harbour, Stocking Island and Crab Cay. Offering approximately 82 feet of rocky shoreline, excellent space to install a dock.

Ample room for a spacious house and gorgeous infinity pool if desired. This property has excellent potential to create the house of your dreams.

Take the opportunity to own in this private gated community which has recently been purchased by a new developer. New improvements to the area are already starting to take place.

Existing on-site amenities include a common area pool, gym facility, two tennis courts, bistro/restaurant, marina and more to come in the future.

Located a short walk east of George Town where all essential amenities are in place and approximately a 15-minute drive from the International Airport.