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 potential of this exceptional house under construction, located in the highly sought-after Twynam Heights residential community. Offering a generous living space of 1,290 square feet, this property presents an open floor plan that allows for flexible customization, accommodating two or more bedrooms and one or two bathrooms to suit your preferences.

Situated on a spacious lot spanning 120 x 100 feet, or 12,000 square feet, this home promises ample room for outdoor activities, gardening, or the possibility of future expansions. Immerse yourself in the beauty of the surroundings, as this residence is ideally nestled in a pleasant neighborhood within walking distance to the breathtaking beaches of Nassau.

Key Features:
- Size: 1,290 square feet
- Open floor plan for versatile customization
- Potential for two or more bedrooms and one or two bathrooms
- Expansive lot size of 120 x 100 feet (12,000 square feet)
- Desirable location in Twynam Heights, Nassau
- Walking distance to the pristine beaches of the Bahamas

Don't miss out on this incredible opportunity to create your dream home in Twynam Heights. Embrace the charm of the Bahamas and seize the potential this house under construction offers. Contact us today to schedule a viewing or to receive more information.