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.

Palm Cay is a unique ocean front gated community, set in 69 acres, which successfully blends the exclusivity of a magnificent marina with panoramic waterfront and glorious beaches, to offer an idyllic lifestyle-- unsurpassed even by Bahamian standards.

Palm Cay Developments has characteristically created this tranquil oasis to exceed the needs and fulfil the dreams of most discerning homeowner, whether a permanent Bahamian, a regular holidaymaker or an impromptu visitor - dropping in whenever the mood takes you!

The Anchorage will feature expansive views of lush gardens or pool areas, over-sized two-bedroom units with travertine
tiles throughout, 9-foot ceilings, terrace or balcony, and much more! Additionally, this community will have access to
all the other Palm Cay amenities including the deep-water marina, powder-soft beach, playgrounds, tennis courts and
restaurant & bar. The Anchorage will be situated in a truly unbeatable location in the exclusive community of Palm Cay.


The Anchorage offers:
• 2 bedrooms, 2.5 baths
• 1,200 sq. ft. (covered area)
• World-class amenities

Choose from ground floor single deluxe model with private terraces or one of two styles of two-story units with balconies, ample wardrobe space, and a private plunge pool.
Call to Reserve yours today...these Units are going fast!!