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.

Sulgrave Manor is known for it's fabulous location right on Goodman's Bay beach, beside Baha Mar. This property is less than 5 mins from the Cable Beach Strip, and 10 minutes to Downtown.

This unit boasts 2,500 sq feet of living space with high ceilings, including a modern renovated kitchen, open dining and living room with al wet bar, lots of storage space, and sea views from the front balcony.
The larger rear balcony looks over the swimming pool, Baha Mar and the golf course.
Each bedroom is it's own contained suite, including a full bathroom and a dressing area with either walk in or built-in wardrobes. The third bedroom is currently set up as a home office. Fees include insurance, maintenance, landscaping, pool care, cooking gas, generator, security, manicured beach area and undercover parking.
Short term rentals are not allowed in this residential building. Unit is sold unfurnished, but it may be negotiated.