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 3 bedroom garden unit is tastefully designed and provides for a spacious open plan living area and bedrooms with two bathrooms.

AQUA is an intimate collection of 20 residences located in the southwest coast of New Providence in Coral Harbour. The location is ideal for those seeking tranquility and peace away from the downtown. The gated complex is 10 minutes from the international airport.

In addition to secure beach access there is a pool on the property.

The residences at AQUA were designed to create the perfect ambience. Open floor plans, high ceilings and expansive doors and windows graciously direct your focus to the stunning ocean views.

Custom kitchens with wooden cabinets and granite counter tops further compliment the space. Those who like to entertain will appreciate the easy flow found in an AQUA residence.

24 hour security and an oceanfront infinity-edge pool complete the offerings at the development.

The Location

Located on the southwestern coast of Nassau, miles away from traffic and congestion of the capital, AQUA is a true representation of authentic island living. Coral Harbor is widely known for its serenity, plethora of natural trees and vegetation, and calm, secluded beaches.

Nearby neighbors include the tony Albany Development, The Island House and the Old Fort Bay Club. For frequent travelers or seasonal homeowners, the international airport is just 10 minutes away.

The Opportunity

Homeowners at AQUA have a rare opportunity to enjoy the coveted lifestyle afforded in the west. Beachfront developments are few and far between this is the first on this beach in over 10 years and only 20 residences are being offered at this time.

This is an excellent investment for those seeking a rental property as there are no rental restrictions. Also it's ideal for someone looking for a place to call home.

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