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.

Escape to Eleuthera, the island of extraordinary sunsets, sunny skies year-round, and soft powdery sand!

Located on an elevated lot with Caribbean views, Sunset Escape is a newly built, chic island cottage with 2 lovely bedrooms and bathrooms facing the beautiful and serene south side. It is built to relax in comfort and enjoy the tropical beauty and climate of Eleuthera. The kitchen and bathrooms are fitted with lovely quartz countertops, and care has been taken in selecting the furniture and decor.

Surrounded by decks for outdoor living, Sunset Escape is set in a quiet cul-de-sac surrounded by beautiful native vegetation. It is within walking distance of the best beach in Rainbow Bay, with its calm turquoise waters, coconut palms, birds, and marine life, including dolphins, and has a good rental income.

Not far away there are beachfront cafes, local shops and the Rainbow Inn for home made pizza and fine dining.

This is a fabulous location for exploring the magical island of Eleuthera, which has innumerable beaches and interesting places.

Governor's Harbour airport is a short drive away with several flights daily to Nassau and flights to the US from here or North Eleuthera Airport daily.

For beauty and tranquillity, Sunset Escape ticks the right boxes.