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.

Within the sun-kissed world of Ocean Club Estates, Villa Sul Mare takes center stage as one of the most unique and architecturally significant homes in the community.

This magnificent waterfront estate holds court within an oasis of stately palms, embraced by natural flora and a lily pond that is every botanist's delight. The expansive fully air-conditioned villa houses six bedrooms under seven roofs: a unique floor plan that epitomizes casual island elegance. The minimalist design provides for clean, spacious living with expansive patios to take full advantage of the outdoor living along the water and green areas.

Highlights include:
6 bedrooms with 5 bathrooms and 2 outdoor showers
Soaring cathedral ceilings with stained maple wood and open beams
Track and recessed lighting
Stained maple wood floors
Granite counter tops in the bathrooms with walls of Chiselled marble and Italian glass
Marble counter tops in kitchen
Immaculate Italian interior designs
European kitchen with state-of-the-art stainless steel appliances

Outside the great room on the harbour side is the poolside terrace, furnished with plush upholstered seating for watching the kids in the pool, reading or napping, and a large dining table under a roofed pergola for alfresco meals. This expansive outdoor area - 3,000 square feet in total - where you'll spend most of your time also has a grill, ping-pong table for family championship competitions and a deck lined with cushioned chaise lounges for sun worshippers.

Situated on an acre of waterfront land in the prestigious gated enclave of Ocean Club Estates, Villa Sul Mare is that rare property that embodies the tenets of Island Chic. All the bells and whistles are here: in a package that is easy to digest and even easier to enjoy. Every handsome custom detail makes Villa Sul Mare a unique and matchless Bahamian villa for family and friends to enjoy - five brilliant stars, and more!