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 7,597 sq ft single-family lot offers nice elevations at the upscale Community of Balmoral, Perfect to build your Dream Home.

This exclusive and secure gated community is set within 43 acres of gorgeous, mature tropical landscaping surrounding The Balmoral club. Its location on Prospect Ridge is totally unique, offering beautiful views and easy access to the airport, downtown, and Cable Beach with Hotels like BahaMar and Melia, Restaurants and the beaches.

Build your ideal custom home on one, or multiple, lots and create a dwelling surrounded by lush, tropical landscaping within 43 acres of amazing amenities

The Balmoral welcomes you to the best of everything.

This development provides a wide array of luxury amenities including 24 hour security, mailbox delivery and concierge service for the comfort and convenience of residents. The property also features an event lawn, a childrens playground, swimming pool and gazebo, and two utterly unique features:"ˆThe Balmoral Club with Gourmet Restaurant, and the Mark Knowles Tennis Centre. The Balmoral Club, a family mansion owned by Sir Oliver Simmonds in the 1940s, has been redesigned and restored to become a magnificent jewel - the focal point of the Balmoral experience. The Mark Knowles Tennis Centre, with three Har Tru Tennis Courts, features a Pro Shop, a Cafe, and a clubhouse.

This residential community has preserved the elegance, history, and integrity associated with the estate while creating a beautiful and safe, ecologically friendly environment. The neighborhood provides a great mix of single-family lots, residential homes and townhomes amidst the mature native trees, including majestic Royal Palms, which have all been carefully preserved in the development. Located in the Cable Beach area, this community is a 2 minute drive to Cable Beach and just 10 minutes to the airport and downtown Nassau. Whether you are energetic or laid-back, single or with a family, living in The Balmoral will let you live the way youve always wanted to, with all the necessities and amenities you could wish for right at your fingertips.

This is the perfect chance for you to make this your property in an ecologically conscious community full of Old Nassau charm and modern, luxurious amenities.

Call us to view this property today and make it yours!