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.

A unique opportunity to acquire one of a limited number of prestigious homes on the private waterside estate of Turtle Bay.

Coral Point is a detached three bedroom home design, set in a large water front lot extending to around 24,000 square feet with approximately 100 feet of private water frontage and direct water access. South West facing the house enjoys unparalleled views over the Caribbean Sea.

The property has a private driveway and a heated swimming pool and a double garage which has been designed to enable a first floor one bedroom efficiency to be added at a later date if required.

Turtle Bay is a boutique development of eight very high specification three and four bedroom family homes each set in private grounds of around 2,000 square feet.

Set on the protected Caribbean side of the island just minutes from the fast-developing town of Governors Harbor Turtle Bay enjoys an elevated site sloping gradually down to the waters edge and the developers have gone to great lengths to ensure that every room in each house benefits from uninterrupted views over the shimmering turquoise water.

The first two homes in this development are nearing completion displaying the Caribbean colonial architectural style of the estate and an extremely high quality of finish inside and out. Each home benefits from a private driveway and a heated swimming pool within carefully landscaped grounds.

The interiors and furnishings have been created by one of the islands leading interior designers resulting in a clean, fresh and very spacious feel to each home. Fully fitted kitchens, luxurious bathrooms and high specification finishing sets Turtle Bay homes in a class of their own and exceptional attention to architectural detail ensures that each home, whilst obviously sharing a common theme, are completely individual.

Turtle Bay is approached from the Queens Highway by way of an impressive entrance feature and a private road serves each home ending at the waters edge where residents enjoy an authentic jetty reaching into the water with a covered Tiki area and private mooring berths allocated to each property. Both waterside properties have private docks.