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.

Just steps from the pristine white sand beach, this newly renovated 2bdrm, 2bth home in Casuarina Point offers the ideal mix of comfort and coastal charm in a growing quiet seaside community"'just 20 minutes south of Marsh Harbour.

Spanning 1,430 square feet, the semi-furnished interior features brand-new appliances, modern split A/C units, and double-glazed, impact-resistant windows for year-round comfort and efficiency. The open-concept layout includes a generous living area, a bonus room perfect for a home office or hobby space, and plenty of closet storage throughout.
Situated on a 10,060 sq ft lot, the property includes a single-car carport, a landscaped yard complete with a back deck for enjoying the open outdoors, and beach access just a few steps away"'perfect for morning walks or a refreshing dip.

Whether you're seeking a full-time home or a vacation escape, this turnkey property delivers easy, breezy island living in one of Abaco's most desirable coastal communities. Casuarina Point is a growing tourist destination with strong rental potential offering all utilities including water and high speed internet. The community has a boat ramp and 2 beach access areas all within an easy 20 minute drive to the international airport and all your dining, shopping and hardware needs in Marsh Harbour. The Abacos offer the ideal lifestyle only short flight to Florida or Atlanta with regular commercial services.

Address for a virtual tour: https://tour.pivo.app/view/965af16c-b269-40fc-aa36-3b3f40431a74