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.

This rare lot is located across the street from the sea, and will always have sweeping sea views and access to the waterfront thanks to the allocated preserve right in front of it!

Build your private retreat or take advantage of the popularity of Exuma with visitors from all over the world and build a vacation rental.

Go off the grid, or take advantage of the Cable/Internet and electricity line access. This lot is just a 4-minute drive to George Town, and 30 minutes from the airport, down this unpaved, but well-kept street.

This area is well known for bonefishing, an array of watersports, and beautiful sunsets.

Click on the location tab on this listing and open Google Earth to see the other houses in this area.