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.

More than just a Million Dollar view, this 4 bed, 3.5 bath off-grid home has it all. See 2 Sea is a turnkey 3-story home perfectly sited on over an acre of lush real estate and includes a private deeded dock slip on Little Harbour.

Seller Financing Available, click or call to discuss details.

The property includes 2 adjoining land parcels for a total of 47,270 SF of prime hilltop land and the opportunity to build additional homes. The hilltop elevations enable each of the 8 new structures to have ocean or sea views. An incredible offering for future investment.

This property has all the bases covered. The 2,420 sq. ft. house comes equipped with a propane water heater, 48-volt 4.8kw solar electricity system, 10,000-gallon water storage and a new seamless guttering metal roof.

The floor plan features a self-contained 1-bed, 1-bath apartment on the ground floor, 3 bedrooms and 2 bathrooms plus the laundry on the 2nd floor. The uppermost level of the home has an open Great room with galley style kitchen, nice pantry and half bathroom while commanding stunning 360-degree views of the Atlantic Ocean, Little Harbour and the "Bight of Ol' Robinson".

The well-built custom home by one of Abaco's renowned contractors is tastefully finished with warm terra cotta floors, vinyl windows and doors and energy-efficient lighting. The large master bedroom and bathroom both have lovely bay windows to showcase the ocean views, plus a walk in closet. The spacious master bath has a spacious shower with double heads to "conserve water". The guest bedrooms each have sliding glass doors opening onto a private south-facing balcony. The home is being offered partially furnished and does need a little bit of TLC.

The area is home to The Abaco Club at Winding Bay for exceptional "members only golf' and the world famous "Pete's Pub and Sculpture Gallery". The setting could not be more perfect. Explore the sheltered beaches or wade the sand bars for shells. Within minutes are outdoor pursuits such as some of the world's best deep sea fishing and diving, fly fishing for bonefish and tarpon, braving the blue holes, kayak the untouched creeks or visit the candy striped lighthouse at Hope Town. Abaco Island is a wonderland for outdoor pursuits all within an easy 50 minute flight from South Florida. Join the friendly, sustainable and artistic community of Little Harbour or get into the vacation rental world. This home has a modest rental history which could be easily improved upon.

Key Features include:
- 10,000 gallons water storage, 4 separate tanks
- 48 volt, 4.5 kw solar PV array with 20 new flooded batteries
- Remote monitoring station upstairs for solar system
- Metal roof with new seamless metal guttering
- Self contained 1 bdrm apt
- Extra land to build on and preserve the views
- Private dock slip for a 30 foot vessel on the sheltered harbour
- 360 degree views
- Partially furnished
- Backup generator
- Landscaped yard
- Elevations of 50+ feet
- Walk in closet
- Vaulted ceilings in Great Room
- 2,000 sf of outdoor living space
- New propane water heater
- 600 sf of utility/storage space
- Side by side washer and dryer
- Dishwasher and large pantry closet in kitchen
- Ceiling fans in every room

This opportunity covers all the bases and is definitely a consideration for the short list in your search for the perfect island vacation home.

Call or click today.