Property Information

1201 Starfish Isle Palm Cay

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

Welcome home to this delightful, sun-filled 3 bedroom residence in coveted Starfish Isle in Palm Cay. Located just steps from the beach, this turn-key home features a functional layout punctuated by an open floor plan allowing for maximum light and air throughout the space.

The ground floor comprises the spacious living room, gourmet kitchen and dining area, while three bedrooms await upstairs including the elegant master suite. Being an end unit, this home boasts more light and a larger backyard than the other units in Starfish Isle.

1201 Starfish Isle is ideal as a full-time residence or a vacation. For full time residents, there are excellent schools, shopping and other conveniences nearby. For seasonal owners, Palm Cay offers an in-house rental program that generates income when you are not in residence.

Palm Cay is a master planned beachfront gated community set on 69 acres in beautiful eastern New Providence. Amenities include a majestic owner's clubhouse with restaurant and bar, beach club with cabanas, a full-service, deep water marina, swimming pools, tennis courts and a fitness center. The home is also being sold together with a 40ft boat slip, the perfect addition to your elegant lifestyle.

Call today for a tour of this rare offering in Palm Cay!

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 : Shamon Campbell