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 island is a very special one: it lies in one of the most beautiful parts of the Bahamas and boasts white sandy beaches and the potential for an airstrip. It has all the basic essentials for development. It is situated very near well-known island resorts and existing airstrips.
Big Darby Island is located about 95 miles from Nassau, 14 miles from Great Exuma and 250 miles from Miami. It lies almost in the centre of the chain of some 360 islands known as the Exuma Cays -the yachting, sailing and fishing paradise of the Bahamas. The nearest islands are Rudder Cut Cay (with airstrip) and Musha Cay, both owned by illusionist David Copperfield.

This island is surrounded by crystal clear turquoise waters and features several white sandy beaches -in all approx. 21,650 ft. of water frontage. The highest elevation is approx. 80 ft. which is exceptionally high for the Bahamas.

The island can support a 3,000 ft. to 5,000 ft. runway and is adjacent to a deep protected natural harbour.

An imposing 7,000-square-foot castle built by an Englishman, Sir Baxter, in 1938 is located on the island. The castle could be rebuilt into a spectacular home or clubhouse.

A network of paths and walkways extends in southerly and westerly directions for a distance of 1.8 miles.

This is a great opportunity to own a large island island in The Exuma Cays.