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.

SeaRenity's open floor plan is designed to take in spectacular views of both the Atlantic Ocean and the Sea of Abaco from sunrise to sunset. The top floor features an open chef's kitchen and seating area with a panoramic view of the Atlantic and White Sound on Elbow Cay. There's also a primary ensuite bedroom and a modern office with desk/murphy bed plus powder room up top, with seamless access to the wrap around covered porch. An outdoor dining area for gathering family and friends makes this an ideal island home.

Two ensuite bedrooms plus a bunk room are on the first floor, along with a game room and lounge outfitted with a wet bar and stylish furnishings to comfortably entertain all your guests. Move the entertaining outside by stepping through the wall of glass doors to the outdoor living space with views of White Sound Harbour. Combining a pool, surround-sound speakers, multiple lounge areas and a grilling station creates outdoor living resort style.
SeaRenity features 2,227 square feet of newly constructed and well-appointed interior living space, a 324 square foot enclosed golf cart garage, and over 1,650 square feet of deck spaces. There's space and equipment for paddle boarding in the White Sound Harbour or Aunt Pat's Beach, or a game of corn-hole in the yard. Island hopping and world class fishing and diving are minutes away from the brand-new included dock slip at Aunt Pat's Bay Marina (3 minute walk), which will accommodate a boat up to 30-feet long and 3 ft draft. Please contact us today for more information