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.

Sandy Beach Villa is a newly built vacation club development located in the quaint settlement of Pelican Point at the Eastern End of Grand Bahama.
You can discover the ultimate family vacation and weekend beach retreat that will prove to be peaceful and refreshing.

Each Villa has its own large wooden deck with lounge chairs that are great for sunning, reading, or just sitting there enjoying the wonderful view of the Atlantic Ocean, and if you are lucky, you can watch dolphins swim by. And the fishing is great! Go snorkeling, kayaking, swimming, or even bonefishing - on your own or with a professional guide!

Enjoy simplicity, tranquility and privacy at Sandy Beach Villas, your home away from home. The atmosphere for relaxation is already here…all that is missing is you!

The 5-villa development includes:
- (2) two bedroom, 1 bath villas
- (2) two bedroom, 2 bathroom villas
- (1) one bedroom, one bath villa


-All of our villas are fully equipped with all the necessary amenities to make your stay a relaxing one, with queen size bed in every room and a sofa bed if needed which will allow us to sleep up to six persons per villa.

Each villa is available turnkey, has large living and dining areas, and have central air conditioning, full size stove, refrigerator, and microwave oven.