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.

Sea Escape is a beautiful beachfront home nestled in the quiet community of The Cut, Little Exuma. At 7,000 sq ft, three (3) levels, six (6) bedrooms, six-and-a-half (6.5) bathrooms, and considerable outdoor patio and deck space, there is more than enough room for you and your loved ones.

From the moment you enter the home, you will immediately be drawn to the breathtaking panoramic views of the beautiful Exuma Blue waters.

On the main level, you are welcomed by the large open floor plan featuring a huge, comfortable great room with high, vaulted ceilings, as well a large dining room, and well-appointed, fully equipped kitchen.

Just down the hallway are two (2) large master bedrooms. One of the bedrooms has a large walk-in closet, as well as an en suite with a large bath, separate glass shower, and double sink vanity. The other bedroom also has its own en suite, as well as large, glass doors which open to a patio area that features spectacular views of the ocean. You will also find the shared half-bathroom on this level.

As you go up the open staircase to the upper level, you will come to a cozy sitting room where you can find a quiet space to read a book or watch the sunsets over the inland waterways. Also on this level, you will find two (2) more large bedrooms with accompanying en suites.

Heading back down the open staircase to the lower level, you discover our large living room which features a Smart TV, a comfortable lounging area, and wall-to-wall glass doors. Also on this level, there is a 2nd well-appointed, fully equipped kitchen, as well as a small dining area.

Just down the hallway, you will find two (2) more large bedrooms with accompanying en suites (one with an outdoor shower and double sink vanity). Each bedroom also has its own set of large, glass doors that lead out to a private patio.

Out on the main deck, there is a heated, infinity pool surrounded by the large patio area with extensive room for laying out and enjoying the sun. As you walk down the patio steps, you can follow the sidewalk to the stairs leading down to the most beautiful powdery sand beach with clear turquoise blue waters you have ever experienced.

Other amenities include a fresh water well reverse osmosis system, full backup generator, washer, dryer, and much more.

Not only is Sea Escape a lucrative vacation rental it is the perfect location to host small gatherings and catering.

Make Sea Escape your piece of paradise here in Exuma!