Property Information

Tuscan Shores

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
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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

Tuscan Shores is a sense of place, style and serenity to call home in a secure gated community near South Westridge in western New Providence.

The two bedroom townhouses with 2.5 bathrooms is spacious with 1,340 square feet.

The design aesthetic of the Tuscan Shores development is a warm, rustic Mediterranean feel. The secure 10 acre development located in Southwest Ridge encompasses single family lots for custom homes and 2 and 3 bedroom townhouses. The gated community boasts a community park that has a children's playground, clubhouse, mixed use tennis and basketball court, a lap pool, children's pool and adult pool.

All utilities are underground and the land has a gentle elevation from the main road to the rear of the property.

Amenities

• Clubhouse
• Gated Community
• Pets Welcome
• Swimming Pool
• Tennis Courts

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.

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Real Estate Agent : Amanda Smith