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.

Fantastic customized home features 5 bedrooms 4.5 baths as well as a fully outfitted guest apartment with a kitchenette above the garage.

The home is situated on the canal and is just around the corner from beautiful Taino Beach in the highly desirable neighborhood of Fortune Bay. Best of all, the property enjoys no Property Taxes.

Impeccably finished with porcelain tiles, quartz countertops, indirect lighting, and customized cabinetry throughout. The home boasts close to 4400 square feet of delectable living space. Recently built with the highest construction standards and materials, including hurricane windows and doors, the home is a veritable fortress while maintaining a relaxed island getaway atmosphere.

Nestled on close to half an acre on the canal and offering deep-water frontage with solid wood dock, boaters can zip from the dock to the open turquoise Bahama waters in less than 3 minutes.

Providing an ideal outdoor venue for entertaining, BBQ's, get-togethers and relaxation, the home features a graded beach-like entry in-ground swimming pool and covered lanai. Lovely lush and tropical landscaping and fully enclosed and electronic gated grounds provide the utmost in privacy.

A spacious fully outfitted and furnished studio-style apartment with a full bath and kitchenette above the attached garage provides plenty of personal space for visiting family and friends or live-in staff.

Absolutely one of the loveliest homes Grand Bahama has to offer with excellent rental income history.

Don't miss this incredible opportunity. Call today!