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.

Vaulted ceilings, bright colors and sunlight streaming in from the windows, create a unique island home.

Walk in the front door and down the hallway and enter into the great room filled with beautiful furnishings and a tropical decor. The living room, dining room and kitchen together create the great room, where guests can relax and unwind.

Watch cable TV, listen to music on the Bose sound system or check your emails using the wireless internet throughout the house. The open kitchen is fully equipped with stainless steel appliances and granite countertops; a perfect place to prepare a gourmet meal or a light snack.

The dining room table can seat 8 comfortably, while the living room provides a casual atmosphere for everyone to gather.

Just off the great room are two bedroom suites. The master bedroom suite has a king-sized bed and a bathroom with a double sink, stall shower, granite countertops and stone floors. The master bedroom has its own private access to the sun deck overlooking the 18th hole and the Atlantic Ocean; the perfect place to watch the sunrise.

The additional 2 guest suites are conveniently located on the main floor as well. One bedroom has a queen-sized bed and is beautifully decorated with bright tropical colors and exquisite fabrics, creating the perfect island home-away-from-home. The other bedroom has 2 twin beds that can easily be pushed together. Each of guest rooms has a private luxurious bathroom with vessel sinks that sit on top of the granite countertops. Extra sleeping space can be found upstairs in the third bedroom loft, with 2 twin beds and a fantastic view of the golf course and ocean just beyond the living room. The perfect place for younger family members to enjoy their own space and special times.

This beautiful home is over 2,100 square feet, has central air conditioning to keep the temperature cool and controlled while ceiling fans create a tropical breeze inside without the humidity outside. The outside sun deck is 1,196 square feet of both covered and sun-filled space. It's the perfect place to watch the last tee shots on the 18th hole or marvel at the colors of the ocean just beyond the fairway. This very special home is waiting for you to enjoy a very special holiday in The Bahamas.

Hummingbird is a short stroll from the Cliff House dining room and the infinity edge pool and is just steps from the spa, fitness center and spectacular beach.