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 canal front lot in the prestigious community of Sandyport is the perfect canvas for your investment property in The Bahamas. It is 6,567 sq ft and features 42 ft on the canal and a dock, ideal for your private vessel.

Sandyport is among the affluent communities in Western New Providence and has beautiful beaches, a canal leading to the ocean, 24-hour security, swimming pools, tennis courts, parks, and other recreational areas.

There is also the Sandyport Hotel and the Olde Towne areas, which feature several fine and casual restaurants, a fitness center, banking and commercial areas, and much more.

The community is an ideal 10-minute drive to the international airport.