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.

100 acres of pristine land and waterways, perfect for someone who is looking for a private estate with minimal interference with the natural beauty of the creek.

There are a number of areas along the shoreline where houses can be built with amazing views of the Azure Bahamian Sea.

This location will give you the ultimate privacy of a private Island with 360-degree views ranging from the sparkling open waters to the pristine beach to a protected turquoise creek on the backside of the property. Pigeon Cay is a successful beachfront development with utilities pulled to the last house in the development. These utilities can be brought down into the property at the buyer's expense, which allows private island-style living without the hassles.

The peninsula has never been marketed before and is a very rare opportunity to own such a stunning piece of property.