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.

Conch Sound Point is a striking property situated in South Abaco, with 1,600 feet of dazzling, wide beach and idyllic hilltop elevations of 40 feet. The property is distinguished by a magnificent barrier reef that runs parallel and close to the shore, providing a wonderfully sheltered swimming environment in crystal clear water.

The surrounding area offers miles of stunning unspoiled coast to explore, and some of the most colorful reefs in the Bahamas. A shoreline walk south from Conch Sound Point encompasses breathtaking elevated cliffs, natural beach pools, and whale and dolphin spotting at the historic Hole-in-the-Wall Lighthouse.

The property forms part of an exclusive band of coastal land in South Abaco that is privately owned and available for development, with the balance conserved in the well-maintained National Park. Incredible nature trails, beautiful exotic flora and fauna, including the charming Bahama Parrot, and world-renowned freshwater blue holes form part of the property's extended backyard. This setting also provides a rare atmosphere of privacy and seclusion most comparable to a private island.

Access currently runs via an unpaved road off of the Queen's Highway. An upgraded Air field and Ferry Terminal are available at Sandy Point town, and a marina village at Schooner Bay, both a close 15 miles away. The Marsh Harbour International Airport is 40 miles north.

A newly proposed high end marina development at the southern tip of the island would also be within 5 miles, adding an array of nearby amenities and improvements to local utilities and attractions.

Offered at a good price, Conch Sound Point is ideally located for a private estate hideaway and/or sustainable resort development.