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.

Splendid, Out Island resort with 188 ft. of virgin Atlantic beachfront. This fully operational turnkey hotel features 20 air-conditioned guest rooms, including one family-sized room, restaurant and bar, covered outdoor dining, and dive center.

Greenwood Beach Resort is located near Port Howe, Cat Island. The Club House and rooms nestled behind it are literally 80 feet away from a breathtaking 8-mile-long beach.

Features include a fireplace, a pool, a lounge area, a commercial kitchen, and a laundry. Excellent investment opportunity with a good return rate. This quaint, remote, and tranquil resort is the perfect place to help vacationers find themselves.

Recent improvements to the resort include:

1) New Doors and Windows in the Restaurant, Club
2) New Furniture in the Restaurant
3) New Patio Furniture for the Club
4) Refurbished Pool
5) New Pool Equipment
6) New Commercial Dive Air Compressor for Dive Shop
7) Remodeled Dive and Kite Surf Shop
8) New Dive Equipment
9) Some New Kitchen Equipment
10) New Ice Machines (2)
11) New Air Conditioning in the Rooms
12) Upgraded Landscaping
13) Newer all property Diesel Generator
14) New Rust resistant Hot Water Heaters
15) New Water Pumps
16) New Easy-to-Replace Drinking Water Filters
17) Star Link Internet
18) New Website Components
19) Redecorated Gift Shop


This is a great opportunity to own a boutique resort in The Bahamas at a great price!