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 exclusive and secure gated community is set within 43 acres of gorgeous, mature tropical landscaping surrounding The Balmoral club. Its location on Prospect Ridge is totally unique offering beautiful views and easy access to the airport, downtown, and scenic Cable Beach.

A unique opportunity, you can now purchase a lot in this upscale, gated development. Sizes ranging from 6,285-13,093 and are now starting at $233,712.

Build your ideal custom home on one, or multiple, lots and create a dwelling surrounded by lush, tropical landscaping within 43 acres of amazing amenities or purchase a house package from the developer.

The Balmoral welcomes you to the best of everything.

This development provides a wide array of luxury amenities including: 24 hour security, mailbox delivery and concierge service for the comfort and convenience of residents. The property also features an event lawn, a children’s playground, swimming pool, and two utterly unique features: The Balmoral Club with Gourmet Restaurant, and the Mark Knowles Tennis Centre. The Balmoral Club, a family mansion owned by Sir Oliver Simmonds in the 1940’s, has been redesigned and restored to become a magnificent jewel - the focal point of the Balmoral experience. The Mark Knowles Tennis Centre, with three Har Tru Tennis Courts, features a Pro Shop, a Cafe, and a clubhouse.

This residential community has preserved the elegance, history, and integrity associated with the estate while creating a beautiful and safe, ecologically friendly environment. The neighbourhood provides a great mix of single family lots, residentail homes and townhomes amidst the mature native trees, including majestic Royal Palms, which have all been carefully preserved in the development. Located in the Cable Beach area, this community is a 2 minute drive to Cable Beach and just 10 minutes to the airport and downtown Nassau. Whether you are energetic or laid-back, single or with a family, living in The Balmoral will let you live the way you’ve always wanted to, with all the necessities and amenities you could wish for right at your fingertips.

This is the perfect chance for you to make this your home in an ecologically conscious community full of Old Nassau charm and modern, luxurious amenities.

The community also offers Single Family homes, 4 bedroom townhomes, 3 bedroom townhomes, 2 bedroom townhomes and 2 bedroom condos.