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.

High Bank Bay is situated in South Abaco and offers 2,000 feet of spectacular beach on the Atlantic coast. It's a dramatic property, with a signature high bank overlooking a large expanse of crystal-clear water that extends outward for over 500 feet. Gently rolling elevations of 40 feet+ offer ideal and storm-safe topography for breathtaking views of waters that alternate between flat calm and surfable depending on the day, a rarity in the Bahamas.

Along the unspoiled coast, explore some of the most colorful reefs the region has to offer. Or walk for miles of ocean breeze upon magnificent, elevated cliffs interrupted with pockets of stunning beach pools, all the way to the historic Hole-in-the-Wall Lighthouse, famed for whale and dolphin sightings.

The property is buffered to the west by the enchanting Abaco National Park, allowing for a level of privacy and seclusion paralleled only by a private island (at half the build costs). Enjoy cool and misty morning nature trails and beautiful exotic flora and fauna, including the charming Bahama Parrot, and world-renowned freshwater blue holes to swim or dive. South Abaco is a natural wonderland for the senses, and also includes some of the best bone and sports fishing on the planet.

Access to the property currently runs via an unpaved trail 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 new proposed high end marina development to the south would be within 5 miles, adding an array of nearby amenities and improvements to local utilities, including the road through the park, and attractions.

This is a unique, off the beaten path property, ideally suited for a private estate and/or boutique hotel/resort. Offered at a good price, don't wait to make your bid for this stunning oasis.