Property Information

Luna Sea

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

This 6 bedroom 4.5 bath home is being expanded and completely renovated to as-new condition after sustaining only minor damages from Hurricane Dorian.

The new home, 'Luna Sea', will feature top-of-the-line finishes, fixtures and fittings and boasts over 1000 sq. ft. of newly added covered porches that capture the sweeping ocean and bay views. An additional 500+ sq. ft. of open deck including a brand new 20' x 10' elevated sunset deck at the rear of the home complete the extended outdoor living areas.

Inside, the first floor features two guest bedrooms, 1.5 baths, a large living area with ocean views, a spacious kitchen with all brand new appliances, cabinets and granite countertop, large pantry and laundry room, and a covered and air-conditioned 12' x 12' dining area with windows on three sides. Upstairs are two master bedrooms with en-suite bathrooms that boast dramatic ocean and sunrise views on one side, and incredible bay and sunset views on the other.

In addition, there is a 2 bed/1 bath apartment underneath the home complete with full kitchen. A swimming pool could also be installed in front of the home at the purchaser's request for additional cost. The home sits on approximately 1/2 acre of land in beautiful and peaceful White Sound, and there are several beach access paths to gorgeous ocean-side beaches within walking distance, as well as restaurants, bars and shopping.

The settlement of Hope Town is a short golf cart ride away.

The home is being remodeled by the owner who has over 20 years experience in construction in the US and is expected to be completed during the month of August 2022.

Amenities

• Beach Access
• Cistern
• Furnished
• Hill Top View

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 : Neil Aberle