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.

Located in the best location on Great Exuma, between the airport and George town this fully approved sea to sea resort development offers stunning beachfront, incredible elevated views offering a multifaceted resort experience with three completely different eco environments including the beach area, the serene South side and rolling elevated land in the central part of the property.

The resort has a total of 3,950 ft of water and beach frontage with over 1600 ft on the north side and 2,350 ft on the south side. The Beach resort is set on 56 acres and offers both beach and elevated iron shore with incredible views. This portion of the property is currently a fully developed subdivision with subdivided lots, underground utilities and paved roads. These properties are ready to be conveyed if the new owner wanted to use what is already in place. The Bonefish retreat on the south side is set on 51 acres and is currently in phase 2 of the new development plan. The Centre of the Estate Comprises 116 acres and is approved for an adventure and farming area.

The Location being 15 minutes from Exuma international airport and 10 minutes from the main cultural hub of Exuma with give endless opportunities for the new owners to take advantage of all that Exuma has to offer with this exceptional se to sea offing that is competitively priced and a one-of-a-kind in the Bahamas Market place.

For more information contact John Christie for more details.