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.

Apsara in Old Fort Bay is simply one of the most stunning homes in the entire Bahamas. Set on the northern shore of Old Fort Bay on a one access sea to sea Parcel including 150 feet of waterfront with a private beach and 150 ft. of canal frontage Apsara has so many attributes it is hard to mention them all.

With 18,500 sq. ft. under roof, 12,600 under air, the home is exquisitely designed for indoor and outdoor living under a large expanse of covered living area with oversized sliding doors with treated impact resistant glass that bring the outside in and visa versa with multiple living areas both inside and out. Apsara's decor features White glass Flooring throughout the interior, natural bush hammered white quartz outside, an up lit caesarstone Concetto bar with a Bocci chandelier, Paola Lenti outdoor furniture with indoor furniture by Minotti and B&B Italia.

Other features include a koi pond, outdoor steam room, an elevator, a 2 bedroom nanny Suite, 2-car garage, a large protected boat dock with a boat lift, boat house storage, generator, multiple outdoor living spaces, a 98-inch TV in the family room, a state of the art Kitchen with Sub Zero refrigerators and freezers and stunning white quartz counter tops.

Apsara is the perfect home for an owner who desires privacy, loves nature and and truly understands how a beautifully designed home surrounded by palms with incredible ocean views and finishings of the highest standard can transform island living into an art form.

This home simply must be seen.

Showings by appointment.