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 west-facing lot on Poinciana Cay in the gated community of Sandyport offers 6,450 sq. ft. of land and 43 feet of canal frontage to custom-build your dream family home.

One of the few lots currently available in Sandyport, this property features beautiful canal vistas and is the perfect location for building a new waterfront home for yourself or your next investment opportunity for an income-producing rental.

Sandyport is truly a family-friendly neighborhood perfect for outdoor activities. It has grown into a sought-after gated community where homeowners can enjoy leisurely walks, bike rides, and the outdoors. With seven swimming pools, six tennis courts, two dog parks, and three playgrounds, Sandyport has outdoor facilities for everyone. There is 24-hour security, and the community boasts a highly active homeowners association and its own water system.

The Olde Town at Sandyport is the business, shopping, and dining center of the community. There are extensive open-air public areas with boardwalks along the lagoons with peaceful views of the waterways. Sandyport is also conveniently located close to grocery stores, shops, Baha Mar Resort and Casino, beaches, and the international airport.

In 1977 Sandy and Hugh Buckner, the Sandyport developers came to the Bahamas. They fell in love with the beauty of the ocean, so much that in 1988 they joined with Francois Sperry, a world-renowned French architect, to design and develop Sandyport.