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.

Truly a magnificent private Island located in the northern Exuma Cays. The island's natural beauty is second to none in the Exuma Cays with beautiful, white sandy beaches including the stunning north point beach that extends over a thousand feet into a sand bank. There are a number of rolling hills on the island with Elevations up to 50 ft. creating a number of scenic views and the potential of scenic view and amazing future development sites.

This cay has been developed in a way that buildings work in unison with the land and do not dominate the landscape. The main house is set on the westerly beach below the eastern ridge line creating ample privacy for the the residents. The architecture of the main house is unique in The Bahamas as it is built in the American southwest adobe style complete with a private center courtyard with the guest bedrooms accessed by covered walkways. The living spaces are simply divine with barrel roll hand-painted ceilings in the living room, charming rustic decor in the kitchen, and a grand master bedroom on the second floor that opens up to a splendid open plan bathroom, both with the most amazing views over the turquoise bay overlooking nearby
islands. The main house has 5 bedrooms and 7200 sq. ft. of Air conditioned space in addition there is a Master One bed one bath 840 Sq ft guest house along with a 2 bed 2 bath 700 Sq ft guest house on either side of the main house providing 8 bedrooms in total for owners and their guests. There are also special features like a theatre and billiards table making sure that the private island life will always be entertaining.

Upon arrival at the cay you will be welcomed into a private marina cut into the limestone. This is designed to accommodate a few centre consoles but not larger vessels. In the marina area is a colorful service village complete with a 1200 sq. ft. manager's house Including 2 bedrooms, 2 bathrooms, Living room and kitchen together with a few other cottages totalling 7 bedrooms and baths. There is an 1800 Sq ft Cafeteria / Kitchen/ Game room, a 3,400 sq. ft warehouse giving you the ability to Store all you need and a 950 sq. ft. boathouse.
The island is powered by solar with a diesel generators as a back up.

What makes this cay such a prime location is that it is only minutes by boat from other nearby islands with a new World Class boutique resort development with a new 5,000 ft Air strip, Customs and immigration several restaurants, and a deep water mega yacht marina where the new owner of this island can keep their yacht. This beautiful private island offers the complete package for the private island buyer. A great location with easy access, a fully turnkey stunning accommodations all set on the most beautiful island in the Exuma Cays.