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 elevated lot is located within the prestigious Lyford Cay community. Situated on the north side of Christie Terrace with over 150 feet of road frontage and deep, it is well-positioned 0.62-acres.

With little traffic, it is a quiet and tranquil location featuring local trees and foliage. The lot also has a naturally gradient giving good topography to the property.

There is tremendous architectural flexibility to custom-build a sizable residence along with a cottage. There is plenty of space to add various outdoor amenities such as a pool and outdoor pavilion.

The vendor has plans for a three bedroom, one storey home with study that has been approved by the community and town planning. Part of the plans is a swimming pool and open plan living space. For the right offer the owner is willing to include plans and the permission with the sale.

Lyford Cay is home to the renowned Lyford Cay Club, which features beautiful beaches, golf course, marina, tennis courts, pool, fitness center, beauty salon, restaurants, and hotel facilities.