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.

Almost 40 acres with views over the sea and the Great Lake near Sugar Loaf could be yours!

The property has a gentle rise on which to take advantage of the most spectacular water views and the cool breeze!
Retreat to the serenity of your own private compound, build a retirement village or a resort, all the way down to the sandy foreshore of the Great Lake.
The Great Lake is the perfect spot for kayaking and paddleboarding to enjoy the scenery and reconnect with nature. Right across the street from the property, there is a long white sandy beach!

San Salvador boasts a Club Med, fine resorts, and an active airport despite its remote location. This area is popular for divers, boaters, and explorers! Power is at the property, shopping is within a short distance.

Edgecombe Tract Parcel C is beachfront and also for sale at $600,000. See the plot plan here.

Buy the 2 parcels and build a resort with a quaint golf cart ride to the private beachfront!