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.

Step into a realm of unparalleled luxury on No. 7 at Six Senses Residences Grand Bahama, boasting a coveted southern-facing position that offers unparalleled sunset vistas and direct access to 104 ft. of beach frontage. Crafted by the award-winning architectural firm, Olson Kundig, this beachfront retreat spans approximately 0.65 acres+/-, providing over 7,222 SF+/- of meticulously designed living space. With 6 bedrooms, 6 full bathrooms, and 2 half bathrooms, every inch of this residence is designed for comfort and relaxation.

From the moment you step inside, the breathtaking panoramic views of the Atlantic Ocean greet you, inviting you to immerse yourself in the natural beauty surrounding you. Seamlessly blending indoor and outdoor living with private gardens, covered terraces, and expansive courtyards, the property features interconnected dining areas, perfect for entertaining guests or enjoying intimate family dinners with endless ocean vistas.

Step outside to indulge in the upmost privacy and relaxation with an infinity pool and spa overlooking the ocean.

As a resident of Six Senses Grand Bahama, you'll have access to resort amenities and services, ensuring a lifestyle of leisure and convenience. Benefit from dedicated residential concierge services and the option to access a private boat slip to explore the azure waters beyond. For those seeking both a luxurious retreat and an investment opportunity, take advantage of the optional rental program fully managed by Six Senses.