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.

Located in the world-renowned Treasure Cay gated community of Abaco, this 11,926 sq ft canal-front property has direct access to the Sea of Abaco and all of the boating activities beyond. This lot boasts 92 feet of water frontage, making it ideal for docking larger vessels. The lot has a depth of 125' and a concrete bulkhead, providing numerous possibilities for home and garden design. Utilities are conveniently located at the property's roadside.

Hop in your golf cart, and you're just minutes away from dining, shopping, and golfing.

With the recent announcement of the long-awaited redevelopment of The Treasure Cay Hotel and Marina, now is the chance to get your slice of waterfront heaven.