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.

Lot #11 of the Atlantic Club section of Baker's Bay is available to purchase. The 40,977 sq. ft. parcel has beautiful unobstructed views across Holes 1 and 18 out to the mesmerizing Atlantic Ocean.

The generous size parcel is perfectly situated to have maximum privacy while also being as close as possible to the Golf Club.

Located at the Northern end of Great Guana Cay, the community of Baker's Bay is considered to be one of the premier luxury communities in the Bahamas comprising a total of 585 acres with three miles of shoreline on the Sea of Abaco to the west and three miles of shoreline on the Atlantic Ocean to the east with beautiful beachfronts along both shorelines.

The subdivision contains a total of 385 residences and member amenities include a Tom Fazio designed ocean front golf course, "putt-putt' course, softball field, ropes course, climbing wall, basketball court, soccer/lacrosse field, bocce, multiple children's playgrounds, various fitness activities (incl. yoga, gym, cardio, etc.) and several options for outdoor pursuits and a large private deep water marina;

The Marina Village offers fine dining and shopping; the community has a 70-acre nature preserve and hydroponic farm, tennis courts, spa & fitness center, yoga studio, deep and shallow water pools plus both marina and beach club houses.

The deep-water marina is dredged to a minimum depth of 12.5 feet at low tide, is able to accommodate yachts up to 250' in length and contains 165 boat slips. Baker's Bay development company provides all utilities including water, sanitary sewer, electric utilities.

The Baker's Bay community, grounds, marina, amenities and facilities are for the exclusive use of members and their guests only.

Call or click today to find out more detail on this exceptional offering.