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.

Pineapple Pointe has it all with views to die for, plus a large open plan living area with kitchen, dining and living room providing ample space for entertaining. The primary suite, additional guest suite, and a comfortable loft which is accessed by a hand crafted custom spiral staircase, and a 360-degree deck completes the main floor. The special touches throughout the home like the fun nautical themed custom tile inlays in the baths, granite countertops in the kitchen, a large ice machine, wine cooler, central A/C and even a whole house vacuum system make this home a unique place.

There is an additional well-appointed guest apartment with a full bath and private deck on the ground level. In addition to the apartment, the ground level has a large garage with a workbench, a laundry room with a sink and a storage room.


The spacious decking wrapping completely around the home offers the rare opportunity for viewing both sunrises and sunsets, with lots of space to relax with friends and family and to enjoy the sweet sea breezes. You can be transported by unobstructed views of the Atlantic Ocean, Tilloo Cut, Channel Cay and a 360-degree view of the island and the sea beyond.

The home also boasts a private boat slip steps away in the marina. It offers easy access to world class offshore fishing, island hopping to nearby restaurants, bars and marinas and an uncrowded bonefish flat that consistently produces opportunities for large fish.

The house comes furnished plus 2 working golf carts and a trailer. There are two 7200-gallon cisterns offering plenty of water storage for all seasons. There is also a large, covered 30kw diesel generator providing seamless backup power whenever necessary.
Pineapple Pointe itself comprises 3 bedrooms, 3 baths, and a sleeping loft consisting of approximately 2800 sq. ft. on .25 of an acre. It is the type of unique property that does not often become available. Contact us today for more information or to schedule a viewing.