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 off Russell Island in North Eleuthera, Royal Island is a 403 acre private island with beautiful beaches, great elevations a large natural harbour and a turn key private resort operation all less than 20 Minutes from North Eleuthera with its international Airport and FBO.

Royal Island is primed for development with approved plans for for an expansive marina, an 18 Hole Jack Nicklaus golf course and over 90 developable land parcels. Positioned for remarkable growth, the island has secured approvals for a 39 Acre marina capable of accommodating approximately 100 slips within its natural harbour elevating the island's appeal. Additional development opportunities include an airstrip instead of a golf course and the potential to enhance hospitality offerings by expanding the resort to feature a full-scale resort and beach club.

The accommodations in place include 5 luxury one bedroom beachfront villas, with large wraparound decks, a Welcome centre complete with Spa rooms and a gym, a restaurant/bar building and a guest house near the main buildings. All of the community buildings offer sweeping wrap around verandahs and both overlook the beaches and a stunning oval shaped pool.

Royal Island, as set up currently, is excellent for private gatherings. Guests enjoy a customised experience, with a world class private chef, beach club, spa, fitness centre, a private catamaran, sports and security. Located approximately 40 miles northeast of Nassau and only a 15 minute boat ride from North Eleuthera.

Jewell Point on the Western tip comprising 28 acres can also be purchased with an asking price of $17.5 million.

Royal Island is the only island on the market with approvals for both a Golf Course and a marina with fully approved development parcels.

Showing by appointment only.