Property Information

George Town, Exuma

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

This beautiful unit features 2 bedrooms and 2 bathrooms in beautiful Bahama Sound 11.

The property features beautifully landscaped entrance and grounds, security keypad coded entrances, hurricane impact resistant glass, tasteful furniture central A/C, ceiling fans, stained wooden ceilings, top of the line fixtures, ample property lighting and tenant parking.

The suite is well built and maintained. This investment is an ideal vacation home or residence for the working professional.

Located approximately three miles from George Town Exuma which is the islands administrative capital providing access to commercial banking, groceries stores, fine dining, schools, harbours, docks, and marine facilities.

In recent years George Town Exuma has become a famous tourist getaway destination. The Exumas offers great fishing, boating and some of the most beautiful pink sand beaches in the Bahamas.

A few miles away is the Emerald Bay Resort, perched on 318 acres now known as the new and famous Sandals Resort - A 183 room hotel with its breath taking ocean views and 18-hole golf course.

A Rare Jewel in picturesque Exuma.

Amenities

• Furnished
• Turn Key

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 : Daren Seymour