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.

PRICE FURTHER REDUCED, OWNER MUST SELL! This amazing hilltop property on Guana Cay is almost an acre in size and has incredible 360 degree views of both the Atlantic Ocean and the Sea of Abaco. Wake up to sunrises over the ocean, enjoy cooling tropical breezes all day long, and enjoy dramatic picturesque sunsets over the Sea of Abaco.

From this property it's a 2-minute walk to a gorgeous pink sand beach, great for swimming, snorkeling and surfing! You can stroll down the beach to Nipper's Beach Bar and Grill, or just beachcomb for treasures along the sea shore.

The settlement of Guana Cay is just a short 5-minute golf cart ride away, with shopping, grocery store, bars and restaurants. Rental dockage is available for your boat and the picturesque island communities of Green Turtle Cay, Treasure Cay, and Hope Town are easily accessible.

This trophy property has just had a price improvement and the seller is motivated. Make an appointment to view this outstanding and unique property today, before it's gone!