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.

Ideally situated on a wide and sprawling white sandy beach with the clearest waters in the world at your doorstep are 20 incredible acres of land that could be an ideal resort location or estate property offering seclusion, privacy, and peace.

The area is perfect for exploration. Just a five-minute boat ride away is the largest reef in the Bahamas. There is also lots of nature to explore on land and deep blue holes for diving. This property is truly a gem and one of the best-kept secrets in South Andros.

Located in the quiet community of Kemp's Bay, With over 600 Ft of immaculate white sandy beach frontage, this spacious waterfront property consists of 8.96 acres with a building currently used as a restaurant and sports bar along the main road. On the opposite side of the street are 10.4 acres of untouched land ready for development. There is electricity and telephone service running along the main road, and water is available through a well, or a cistern system can be installed. Cell phone service is available.

In addition to the amazing beaches, reefs are nearby for snorkeling, and the area is world-famous for bonefishing.

Less than a mile offshore is the third-longest barrier reef in the world, The Tongue of the Ocean, which provides an excellent area for snorkeling, scuba diving, and deep-sea fishing.

The property is less than 25 minutes by car from Congo Town Airport and a short drive to the grocery store, gas station, and local restaurants.