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. A 5 min walk to Baha Mar, this property is only 5 mins from the Cable Beach Strip, and 10 minutes to Downtown.

2,500 sq feet of living space opens onto a large patio before the larger pool deck, it would be easy to live and entertain here.

Each bedroom is it's own suite, including a bathroom and a dressing area with either walk in or spacious built-in wardrobes for each. The third bedroom could easily be set up as a home office.

Tiled throughout, the residence needs some updates, however the windows have already been upgraded to modern storm resistant grade.

Sulgrave Manor is a secure building, with Concierge at the front desk. The front of the building opens onto the famous white sandy beach that is Cable Beach. This beachfront residence also features under cover parking, pool, a beautiful garden and a generator, all covered by the monthly fees.