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.

Set on the only eastern facing beach Rose Island with views looking down Rose Island and out to Green Cay, this lot has an abundance of tall coconut trees and lush vegetation making it a prime location for the idyllic island beachfront homesite. In addition this lot is perfectly placed to take advantage of the prevailing, cooling south east breeze.

This unique waterfront paradise is nestled only 15 minutes from downtown Nassau via an air conditioned fast ferry. This exclusive community features sandy, white beaches, stunning vistas, high ridges, lush natural vegetation, open inland waterway, with transportation only via golf carts.

The Western portion of this development has recently been purchased bringing the potential of more development in the area.

Please contact John Christie for more details and to set up a viewing.