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.

This beautiful private residence, Banyan Tree, awaits you at The Pink Sands Resort in Harbour Island in The Bahamas. Banyan Tree offers a tranquil and picturesque setting and is within walking distance to the luxurious pink sand beach.

As a homeowner you can expect a high level of privacy and exclusivity. The resort features a collection of private residences, each designed with upscale amenities and a unique style. This home offers spacious living areas, a private pool, well-appointed bedrooms, and stunning views of the surrounding landscape. There is also a one bedroom cottage for family or friends. Banyan sits on 22, 482 square feet of land with an adjacent lot totaling 7,976 square feet.

Guests staying at the private residences have access to the resort's facilities and services, including the pristine beach, swimming pools, spa, fitness center, restaurants, and bars. The resort staff is dedicated to providing exceptional service and ensuring that guests have a memorable stay.

Harbour Island itself is known for its charming and laid-back atmosphere. It offers a range of outdoor activities, such as snorkeling, diving, fishing, and boating, allowing visitors to explore the crystal-clear waters and vibrant marine life of the Bahamas. The island also has quaint shops, local restaurants, and historical sites worth exploring.

If you have any specific questions or require more information about this private residences at Pink Sands Resort feel free to ask!