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.

Escape to this sophisticated and modern beach house getaway set against the classic Bahamian landscape of white sands, turquoise seas, and colorful villages.
Rooster Beach is an idyllic custom-built beach house overlooking white sandy dunes and a pristine beachfront from its screened-in open and spacious covered terrace on Elbow Cay and is just 10 minutes by golf cart from the historic settlement of Hope Town and its world-famous candy-striped lighthouse.
This airy modern designed beach home includes 2 bedrooms, 2 baths, and a large fully equipped kitchen within 1,300 sq ft interior living space on the upper floor. Along with the upper floor primary residence, this property features an additional 1,300 sq ft of enclosed but unfinished main-level space, ideal for a garage and additional guest apartment. Included with the purchase are the architectural plans for the owner's villa and adjacent pool, which will complete the property and maximize income potential should new owners choose to continue to offer the property as a vacation rental. Alternatively, the plans are suitable for creating a private family compound that will be sure to please.

The Rooster Beach interior comes thoughtfully furnished for seaside living, with every detail of your beach experience taken into consideration. Furnishings are beautiful and functional, with the thought of both climate and utility considered in curating each piece.
Rooster Beach was designed by acclaimed Bahamian architecture and engineering firm, CCS⢠in Nassau, Bahamas which specializes in large-scale commercial development.
Vacation bookings to date and approved plans can be provided upon request. Contact us today for more information...