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.

Renowned for its lush vegetation, tall palms, and expansive beach views, Rose Island Beach and Harbour Club offers an island experience rarely found today.

Lot 131 is one of the largest lots in the Rose island Beach and Harbour Club. It is 1.141 acres in size with 127 ft of canal frontage. The lot is currently zoned for a single family home and has a lot of road frontage making it the ideal property for a conversion to a multi family use in the future.

The Doughnut on Rose Island is renowned for its safe protected dockage only minutes from Nassau.

The property currently has no utilities.

Seller open to offers.