Property Information

Fishermans Paradise, Mount Hope, Abaco.

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
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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

Kirby Fishing Retreat situated on 19,442 lot or 0.446 Acres inclusive of 103' linear footage of private harbour frontage. The waterfront has been improved with a dredged channel right in front of the house. The land is improved with an elevated 2 bedroom 1 bath 1296 finished square foot house. The house has an added 200 square foot northeasterly facing screened porch. The porch is ideal for watching sunrises in the morning and taking advantage of the southeasterly tradewinds. The property is serviced from the main paved road by a private security gate with a winding drive way to the house. The house has 1296 of covered carport space that can be improved should additional space be needed. A ramp has been created at the property to launch small boats. If privacy, quiet and superb fishing and diving are what you are looking for this is the spot. The house is unfinished and is ideal for a handyman. It can be finished to the new owners taste once possession is taken.

Amenities

• Beach Waterfront
• Canal Front
• Children Allowed
• Dock
• Pets Welcome

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.

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Real Estate Agent : Chris Plummer