Property Information

Ocean Club Estates

Loan Amortization Calculator

You can use this loan calculator to work out what your monthly repayments might be for various loan amounts, repayment periods and annual interest rates. This can help you decide whether you can afford the repayments.

Loan Amount ($) Interest Rate (APR) Number of payments
(360 = 30 years) Submit

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.

Description

Overlooking the 16th fairway of Ocean Club's championship golf course, this custom-built Tuscan style residence sits a short stroll away from a sandy, tranquil beach. Refurbished, enlarged and updated the immaculately kept home captures picture-perfect views and boasts state-of-the-art systems, a fully equipped gourmet kitchen with luxury appliances, double story library, as well as extensive balconies and multiple areas for entertaining and relaxing. Five spacious bedrooms include two tranquil master suites.

Home offers two offices and a third floor Seaview suite with its own elevator access. Soaring 12+ ft. ceilings, travertine floors, a spiral staircase, and impact-resistant double-glazed windows/doors complement the light filled interior spaces. Outdoors, a heated saline pool with an adjacent BBQ area and cabana shower create a welcome oasis.

A whole house UPS and a newly installed 40kW MTU generator/ATS ensure continual power, while a 2 car plus golf cart garage completes this unique Estate.

Amenities

• 24 Hour Security
• Beach Access
• Children Allowed
• Garage
• Gated Community
• Golf Course
• Hill Top View
• Home Office
• Pets Welcome
• Resort Community
• Swimming Pool
• Turn Key

Pictures / Photos

Real Estate Company : HG Christie Real Estate

Established in 1922, H.G. Christie Ltd. is the oldest and most extensive real estate service in The Bahamas and because of our consistently high level of service, we are also the exclusive affiliate in The Bahamas of Christie's Great Estates, the real estate arm of the world-renowned Christie's Auction House.

We have an incomparable collection of listings for your consideration, and we would be pleased to help you discover your own way to enjoy Elegant Island Living.

More info   All properties of this realtor

Real Estate Agent : Michelle Albury