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.

Welcome to Sweeting's Village, a peaceful yet conveniently located neighborhood in the heart of the Marsh Harbour community.

This well-maintained 1,375 sq. ft. home sits on an expansive 11,700 sq. ft. lot, offering plenty of outdoor space. The large lot provides ample room for gardening, entertaining, or future expansion, with lush, mature fruit trees adding both shade and charm to the yard.

The open-concept living and dining area creates a welcoming atmosphere, ideal for both everyday living and entertaining guests.

In addition to the two main bedrooms, there are 2 versatile bonus rooms, perfect for a home office, hobby room, or extra sleeping space for guests. A fully equipped kitchen make preparing meals a breeze and the back up diesel generator adds peace of mind.
Enjoy the island breezes from the cozy front screened-in porch, perfect for relaxing and watching the day go by.

Situated just minutes from local schools, shops, and the beautiful waters of Abaco, this home offers the ideal balance between quiet living and convenient access to everything you need.

Whether you're looking for a primary residence or an investment property, this home provides endless potential in a desirable neighborhood.