Bimini Bay Resort Phase 1C - House

Property Information

Bimini Bay Resort Phase 1C

Type: House
Price: $ 975,000 Loan Calculator
Island: Bimini, Bahamas
Address: Resorts World International, Bimini Bay Resort and Casino
Bedrooms: 3
Bathrooms: 3.0
Living Area: 2800 sqft
Lot Area: 12000 sqft
More info: Click here

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.

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

This single family home is located in picturesque Bimini Bay Resort, Northern Bimini.

There are three bedrooms and three bathrooms in this two story Treehouse property.

A perfect getaway and located very close to Florida that travel is convenient.

Amenities

Beach Access
Beach Waterfront
Furnished
Swimming Pool

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 : Danielle Van Wynen

Name:: Danielle Van Wynen
Phone:: 242-424-0076

With a Bahamian family lineage that spans centuries, Danielle Van Wynen nee Pyfrom possesses a knowledge and love of the Bahamas that is undeniable. Born in Nassau, Bahamas to a Bahamian father and a Canadian mother Danielle is quintessential Bahamian with an international flair. As a child Danielle lived in Freeport, Grand Bahama; Nassau, Bahamas; relocated to Ontario with her family in 1980 and returned to her homeland of The Bahamas where she has resided and built her own family over the past 20 years. Danielle's early education included attendance at Miss Porter's School in Farmington, Connecticut. Upon her graduation is 1987, Danielle Van Wynen, attended Tulane University in New Orleans where she embraced her artistic eye and graduated with a bachelor's degree in Art History. During her professional career Danielle worked at Citibank-Cititrust, before her natural love of people and nurturing spirit led her to a vocation as a massage therapist that spanned a decade. In 2008, Danielle parlayed her heritage, intellect and phenomenal people skills into a nature fit in The Bahamas real estate market. Danielle enjoys showcasing fine homes with a curator's eye, listening and responding to the needs and goals of her clientele while lending her intellect and knowledge to ensure optimum results. A passion for running, boating and an active family life keeps Danielle grounded and in prime condition. Danielle Van Wynen is ready to achieve any goal before her while assisting loved ones and clients realize their objectives as well.