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.

Incredible opportunity to purchase virtually the entire island as never before offered. On Sale are 735.92 Acres with 105 platted lots, creating a great opportunity Development or a private island paradise.

Located in the southern Berry Islands to the East of Chub Cay with customs and the World Famous Chub Cay Club the area is well known for it's great fishing.
With over 60 ft of elevations and 12 miles of shoreline and 13 sandy beaches the island easily accessible by boat, seaplane or by the 4,000 foot paved airstrip.

Whale Cay is an historic island in The Bahamas once owned by Marion Carstairs, a Standard Oil Heiress and charismatic character who built the first homes, roads and runway on the island. While on island she hosted celebrities, captains of industry along with heads of state including the Duke and Duchess of Windsor.

Accommodations on the island include The Great House on Whale Cay, complete with tennis facility, swimming pool and museum. Nearby is the the historic village including residences, school and radio station. which housed the up to 40 Employees of Ms. Carstarirs in the island's heyday. Other buildings on the island include Doll House, a seaside cottage, constructed for the famous actress Marlene Dietrich, the church is located on Church Point, The Lighthouse on Lighthouse point and Cliff House, which provides an immediate option for accommodation with 1,200 ft or air conditioned living space. All of the buildings apart from Cliff House are in need of some form of restoration

Whale Cay offer a plethora of options for the keen private island connoisseur including being able to create a wholly owned private island out of the undeveloped eastern portion of the island. Complete information, plans and analysis are available upon request.

The island can be shown at any time.