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.

Located on the point to the south of the Chub Cay Club lot 29 is one of the only undeveloped lots in the Club Villa area of Chub Cay. It sits elevated above the beach facing south towards the beach and club.

The owner of the lot and the lot will have full access to the club and all the amenities once they join the club.

Chub Cay has taken on a major restoration and is set to be one of the finest private resorts in The Bahamas with its' private airport, customs, and immigration.

The Chub Cay Club is a private members club for those who enjoy fishing, privacy, luxury, and the ultimate island lifestyle. Owners must Join the club to have access to the amenities.

The Berry Islands are known for their invigorating dive sites and distinctive sport and bill fishing. Composed of a cluster of 30 islands and cays, a majority of these islands are uninhabited. The islands are also home to many cavern, reef, wall, and wreck dive sites and a 600-foot-wide blue hole.