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.

Discover the charm of beachfront living in this spacious 5-bedroom, 4-bathroom home with nearly 6000 square feet of living space, located on Cable Beach in Nassau, Bahamas. This property offers comfort, convenience and a unique investment opportunity.

Situated directly on Cable Beach, the home provides stunning backyard views, allowing you to soak in the beauty of the coastline. It's just a quick 5-minute drive to the Bahamar resort, 15 minutes from the airport, 5 minutes to the nearest supermarket, and about 10 minutes to the nearest school.

Inside, the house features tile flooring throughout, creating a practical and welcoming atmosphere. The large kitchen and bar area with granite countertops are perfect for both everyday living and entertaining guests.

Step into the backyard and experience your private oasis with direct beach access. The tranquil setting provides an ideal space to unwind, offering a seamless connection to the sandy shores and crystal-clear waters.

With tourist zoning, this property, boasting 5 bedrooms and 4 bathrooms, is not just a home but also an investment opportunity. The strategic location enhances its appeal, making it an attractive prospect for those looking to capitalize on the thriving tourism market.

Indulge in the laid-back luxury of beachfront living, perfectly complemented by the convenience of nearby amenities. Whether you're captivated by the stunning views, the functional design, or the investment potential, this Cable Beach retreat is a unique opportunity to own a piece of Bahamian paradise.