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.

Vacant parcel within walking distance from the community dock of Abaco Club Subdivision on the east side of Lubbers Quarters. On both sides, north and south of the property, there is an access road to the west of the island with rights to the newly built dock.

The property has lush native trees with an elevation to view the sea of Abaco. Sunsets are spectacular on the west bayside. There are two popular restaurants and lodging within walking distance for convenient entertaining. Fishing is just a shot across to Tilloo Cut into open ocean, where you can experience some of the best fishing in Abaco.

Everything you would like to experience in the Bahamas is at your fingertips.

The settlement of Hope Town is a 10-minute boat ride away.