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 stately Bahamian home is perched high on a hilltop, East of Culbert's Hill and on the southern side of South Hampton Close.

Situated in the tranquil community of Winton Highway, the residence sits on approximately 16,609 square feet with lushly landscaped and terraced gardens. Decorated with luscious fruit trees such as juju, soursop, berries, avocados, and more, this great estate has all the outdoor amenities one can imagine, with a gracious front lawn and back yard with pool, generator, rainwater tank, and recreation facilities.

This stunning home features 4 bedrooms, all with en-suite bathrooms, a separate entryway, kitchen, and study. The study has an attached bathroom and can be used as an additional bedroom, gym, home office, or recreational room. The home offers a bright, spacious open living and dining area that leads out to the patio and terraces, perfect for alfresco entertaining. The living room includes an impressive, wood-burning fireplace. With its open floor plan and soaring ceilings, the home takes full advantage of the natural light.

One of the rooms is right below the main house with it's bathroom, ideally suited for a caretaker or live-in housekeeper.

There is a pool house, suitable for a relative, providing the gifts of privacy and independence.

Additionally, the home includes a backup generator and a rainwater tank.

This expansive property offers many possibilities for additional amenities, including a cottage, for potential income and a pool.

The property is Lot 28 Block 9 and is situated on the southern side of Southampton Close, located in Winton Heights Subdivision. The property is almost rectangular and is bounded on the North by Southampton Close and running thereon 139.08 Feet, on the West by Lot 27 and running thereon 144.59 Feet, on the South by Lot 22 and running thereon 100.00 Feet, on the East by Lot 29 and running thereon 130.00 Feet. In accord with the survey map the property has an area of 16,609 square feet.

Take advantage, and make your appointment to view today!