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.

One of the only remaining prime elevated beachfront parcels remaining overlooking Coco Bay. The elevation is +- 20'. This parcel entails 15,750 square feet or 0.3615 acres. The beach frontage on the bay is 61.33'. Water and electricity are near the property. It should be noted that Green Turtle is the only island in the Abaco chain of cays that offers city water. For all of the other islands, you must rely on cisterns. This location offers access to Coco Bay Beach, The Public Dock, and the Atlantic Ocean beach. A permit can be applied for should the new owner feel they would like to have a private dock. Coco Bay Bluff offers unlimited sunsets and, best of all, warm, tranquil bay waters on blustery winter days. The building site has no building restrictions. This natural foliated property offers a blank canvas for the right discerning buyer. Additional adjoining acreage and beachfront are available should additional land be needed.