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.

This spectacular 1.1 acres estate lot with 200 feet of frontage offers every view imaginable, the golf course, Winding Bay, the pristine 2-mile white sand beach and the flats of Yellow Wood Creek.

Situated just behind the 8th tee of the award winning links course at The Abaco Club on Winding Bay, this large estate lot is just a short stroll to the beach.

Imagine your dream home in a location that offers more than just award winning golf and the most beautiful beach in the Abacos. Trophy bonefish and permit on the fly or deep-sea fishing for wahoo, marlin and dolphin make the Abacos a fisherman's mecca.

The protected Sea of Abaco is perfect for snorkeling, sailing and boating. Abaco is home to the fourth largest reef system in the world, stretching for more than 120 miles. What are you waiting for?

ABOUT THE ABACO CLUB

Dramatically perched 65 feet from sea level and surrounded by the boundless natural beauty of its own private Bahamian peninsula, The Abaco Club is the perfect antidote for modern-day life. The Club was created to fulfill a vision - that of an international sporting club that would transcend anything the world has ever seen. Today, under the new guidance of Southworth Development, The Club is entering a new phase. One in which residents, club members and guests will see dreams come true on a daily basis, while they enjoy an array of world-class leisure amenities like the infinity edge pool, day dock, tennis courts, sailing, snorkeling, kayaking, windsurfing, bocce, volleyball and a Scottish-style links golf course that has been perennially ranked as the finest course in the Bahamas. A world-class golf practice facility and a stunning new marina are just some of the new amenities under way as part of the multi-million dollar makeover. Diving, bone fishing and deep-sea fishing are also popular activities. Located only 170 miles east of Palm Beach, FL, The Abaco Club is a pristine, 534-acre retreat that offers the pleasures of graceful island living to a discerning few.

The Abaco Club spreads graciously over 534 acres of spectacular peninsula, with over two miles of white sand beaches and natural dunes. Sweeping panoramic views can be enjoyed from The Cliff House, where a private dining room overlooks the tropical hues of the ocean, 18th green and Winding Bay. Whether enjoying a soothing massage at the exclusive Spa, horseback riding on the beach, a game of tennis, or simply relaxing poolside overlooking the sparkling turquoise waters of Winding Bay, each day invites new ways to experience the luxuries of total escape.

Traveling to The Abaco Club:
Traveling to the Abaco Club could not be easier. Abacos largest airport, Marsh Harbour International (MHH), has numerous non-stop daily flights from Florida and Nassau and caters to all private jet traffic.

About Abaco:
While the clubs privacy and seclusion will comfort members and guests, the club is as accessible as it is picturesque. Marsh Harbour, just 20 minutes from the club, is the third largest city in the Bahamas and has a year round population of 10,000 residents. Marsh Harbour is a safe, clean and lovely town that features a host of charming shops, delightful restaurants, large modern grocery stores, full service marinas and excellent medical facilities. Abaco is protected by over 90 miles of colourful individual cays and it is known as the fishing and boating capital of the Bahamas.