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.

This beautifully finished and finely furnished 3 Bedroom home with media room and office is situated in one of Grand Bahama's finest gated communities. Enjoy wonderful lovely lake and garden views all the way to the turquoise ocean from expansive wrap around covered verandahs, the beach is less than 500 yards away!

Lower level is perfect for entertaining and features open plan kitchen, dining and living area with separate den/media room and an office as well as powder room and access to massive rear deck. Upstairs comprises large master bed with verandah and spacious bath, 2 additional bedrooms each with ensuite bath and verandah access. Total square footage is 3046 square feet.

Shoreline is a fantastic, private gated community of 76 luxuriously appointed Bahamian style Single Family Homes spread over 26 acres. Centered around a 3/4 acre lake with incredible communal Infinity pool, Shoreline offers 2 tennis courts, a basketball court, lap pool, tapas bar and Clubhouse with state of the art Fitness Center.

Each home is only a short stroll to the beach, accessing miles of white sand. The homes are thoughtfully arranged in spacious crescent formations, each crescent with its own swimming pool and barbecue area. Lush tropical landscaping provides ample privacy.

The beach at Shoreline is breath-taking and offers miles of fabulous white sand and stretches both ways as far as the eye can see. In front of the beach are two acres of private green lawn, exclusive to Shoreline.

A five minute stroll up the beach in either direction will bring you to the local beach bars and restaurants which boast superb lunch time menus.

Shoreline offers all the amenities you could desire and promises an easy low maintenance island lifestyle. Completely move in ready! Call for details today.