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 minutes from Treasure Cay, this exceptional 2.4-acre parcel offers breathtaking views across the Sea of Abaco, overlooking Treasure Cay's Windward Beach and stretching all the way to Great Guana Cay. With approximately 101 feet of sheltered beachfront and nearly 975 feet in depth, this property provides both privacy and opportunity in one of Abaco's most desirable areas.

The parcel fronts the highway with electricity and telephone utilities readily available and has been partially cleared, making it an excellent site to build your dream estate or establish a charming cottage rental. The area has seen steady growth in recent years, with vacation rentals becoming increasingly popular. Restrictions are limited to residential use.

Known for its natural beauty, this shoreline is home to young sea life, while world-class pelagic and flats fishing are only minutes away. Marsh Harbour, with its expanding selection of shops, restaurants, and services, is just 20 minutes away, along with the international airport, which offers direct flights to Miami, Ft Lauderdale, Palm Beach, and Atlanta.

This property is a rare opportunity to own substantial beachfront acreage in a spectacular setting.