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.

Charleston House is a true gem in the heart of Lyford Cay. This newly renovated turnkey home provides the perfect blend of comfort and sophistication.

Step onto the rooftop terrace and be captivated by the breathtaking panoramic views that stretch from the prestigious Lyford Cay Club to the sparkling ocean beyond.

With classic Bahamian architecture with multiple terraces and a spacious open floor plan interior. This home exudes elegance and charm at every turn.

Property Highlights:
- 4,600 Square Foot Interior Space
- 2,300 Square Foot Covered Terrace Space
- 1,200 Square Foot Outdoor Terrace space
- 900 Square Foot Swimming Pool

Multiple Reception Rooms:
- Large Open Floor Sitting Room & Dining Rooms
- Large Open Floor Kitchen & Family Room
- Top Floor TV & Children's Playroom

Bedroom Layout:
- 2 Bedrooms on Ground Floor
- 3 Bedrooms on Second Floor All Featuring Outdoor Terraces
- Children's Bunk Room That Sleeps 4"'8
- All Bedrooms Feature En Suite Bathrooms
- 2 Half Bathrooms

Outdoor Entertaining Areas:
- Outdoor Kitchen Barbecue
- Back Garden Terrace
- Outdoor Dining Terrace
- Garden Terrace Overlooking Swimming Pool
- Roof Top Terrace with Morning and Sunset Bar