Property Information

Lot 8 Tom Currys Point

Loan Amortization Calculator

You can use this loan calculator to work out what your monthly repayments might be for various loan amounts, repayment periods and annual interest rates. This can help you decide whether you can afford the repayments.

Loan Amount ($) Interest Rate (APR) Number of payments
(360 = 30 years) Submit

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.

Description

Recreation and relaxation await at this beautiful estate property overlooking Little Harbour and the Sea of Abaco.

This extremely well-built home consists of a main house with 5 bedrooms and 4 bathrooms, 2 kitchens, 2 games rooms, large open living and dining room and covered patio with spectacular views to the west; and a newly constructed, independent apartment with 1 bedroom, 1 bathroom, fully equipped kitchen, living and dining room and porch overlooking the garden. Also on the property are a tennis and basketball court and over 1.7 acres of tropically landscaped property.

Very private and peaceful, yet with many activities to enjoy nearby including fantastic snorkeling, fishing, diving, kayaking, surfing and beachcombing.

Originally built in 1995, the home has withstood all hurricanes with no damage, and the current owner has significantly expanded the home to its current size. Custom features include hand-made wooden kitchen cabinets and tile countertops, state-of-the-art solar power system, and 6kW backup generator, and multiple water tanks with total capacity 17,000 gallons. There is a large covered and open patio deck high on the waterfront bluff that enjoys sweeping views of Little Harbour and the Atlantic Ocean beyond. There is ample space on the property for additional construction if needed.

Also included is a Cherokee Jeep, Dodge Dakota truck, Boston Whaler boat, kayaks, bicycles and windsurfing equipment.

A must see!

Amenities

• Furnished

Pictures / Photos

Real Estate Company : HG Christie Real Estate

Established in 1922, H.G. Christie Ltd. is the oldest and most extensive real estate service in The Bahamas and because of our consistently high level of service, we are also the exclusive affiliate in The Bahamas of Christie's Great Estates, the real estate arm of the world-renowned Christie's Auction House.

We have an incomparable collection of listings for your consideration, and we would be pleased to help you discover your own way to enjoy Elegant Island Living.

More info   All properties of this realtor

Real Estate Agent : Neil Aberle