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.

Welcome to Sea Garden! Nestled on Tar Bay in one of the most sought-after beachfront communities in Exuma. Silver Beach Estates is home to some of the most prestigious vacation rental properties on Great Exuma and Sea Garden is no exception.

This three bedroom three bath home consists of 1,200 square feet of interior living space and a 1,000 square feet wrap-around covered porch. Each bedroom has its own bathroom and access to the porch. There is also a laundry closet for your convenience. The home is being offered furnished with a fully equipped kitchen and dining space. On the outside there is a charcoal grill for entertaining family and guests on a beautiful sunny beach day.

Sea Garden is conveniently located less than 5 minutes from the airport; 10 minutes from George Town and about 15 minutes from Sandals, Grand Isle Resort, the Emerald Bay Marina and other activities. This is the prime location for a second home and/or a vacation rental investment!