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.

Centrally located in the heart of Windermere Island, this 28,500 sq ft vacant property, with 120 feet of road frontage, and approximate elevations of 30-40 feet, is just waiting to be purchased and developed into a stunning homestead.
Come and discover one of Eleuthera's best kept secrets: an exquisite private island with stunning natural beauty and serenity in every corner - the jewel in the crown!

Windermere Island is approximately 5.5 miles long and is home to a prestigious gated community accessed via a bridge with a manually operated guardhouse offering 24-hour security. On the eastern, Atlantic ocean side of the island lies the world-famous expansive pink sand beach once frequented by the British Royal Family. The western side has sweeping panoramic views of the Savannah Sound, a natural habitat and breeding ground for hundreds of birds and marine life, and a great spot for winding down, kayaking, paddle-boarding, and boating on calm waters.

Members of the Windermere Club enjoy a heated pool, gym, TV & library room, restaurant/bar (open in season), and tennis courts at the easily accessible club house. There is also a new covered bar and lounge deck for community gatherings and rest and relaxation on the sound side.

This lot is offered for sale with electricity, public water and other services readily available.

Nearby shops and restaurants can be found in the settlements of Savannah Sound, Palmetto Point and Governor's Harbour.

The adjacent lot, Lot 181, is also available for sale! Call for further information, and to inquire about the price of the second lot.