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.

Set amongst tropical landscaping in the prestigious community of Lyford Cay this beachfront lot offers a stunning and unique opportunity to custom build your dream home with unobstructed views of the Clifton Bay.

Situated at the end of Bayswater Lane this large parcel of land comprises of 1.52 acres which allows flexibility and space to build a main residence that would capture the stunning sea views leaving ample room to add cottages, a tennis court, etc.

This property also benefits from being the only singular lot that boasts both beachfront and canal front. On the canal there is a 100- foot floating dock. Along the beach there is wooden deck, privacy wall, a recently built retainer sea wall as well as a groin which helps create a private beach area and cove.

There is perimeter fence and main gates. Landscaping has also been added with various indigenous trees and coconut palms.

The property faces due west benefitting from the most beautiful sunsets. Clifton Bay is also a natural shelter for yachts in the winter and so there is always a pretty aspect and the bay remains calm pretty much all year round. It is also perfect for swimming, snorkeling, paddle boarding, kayaking, waterskiing, etc.

Lyford Cay is home to the exclusive Lyford Cay Club which features beautiful beaches, golf course, marina, tennis courts, pool, fitness center and International School.