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.

Set on the largest available acreage parcel on Staniel Cay, Narikela is situated on 12.5 acres on the southern peninsula on Staniel Cay. The property is set on 15 individual lots on the Staniel Cay Subdivision, making future development of the property a breeze. The lots reach from the southern tip of Staniel Cay around a beautiful turquoise private harbour with a stunning coconut grove beach and two docks giving the estate a fully private island experience with all the benefits of being located on Staniel Cay.

While there is immense value in all the readily developable land, the estate's existing spacious dwellings provide a comfortable haven for owners and guests with panoramic views of the nearby cays. The entire upper floor of the main villa features an extensive living area with a king bed, and an ensuite bath featuring both a shower and a tub that overlooks the ocean. The suite also features a private dining table and seating area, a full kitchen with appliances, and a large pantry. The upper floor has a wrap-around deck with glass walls and beautiful 360-degree views. Suite 2 is at ground level with spectacular views of the ocean and also features an ensuite bathroom, with a king-size bed, and opens to a covered area for outdoor seating. Suites 3 & 4 are also ground level with king-size beds and a Jack and Jill bathroom. These bedrooms are well-appointed, and guests have ample space in a very comfortable environment.

The dining & entertainment building is the gathering place and features top-of-the-line appliances and spectacular views of both the ocean and the pool area. The building has air conditioning, a bathroom, and a large TV surrounded by comfortable seating. The dining area features an oversized island for casual dining or a more formal table. The yoga studio or gym is set right on the beach and features a Harlequin dance floor, air conditioning, an extra large shower, a bathroom, and a private dock.

The development possibilities for the estate are endless, with all but two of the lots being waterfront. Narikela would be perfect for a cottage-style resort with all the main buildings already in place or a one-of-a-kind private retreat on the most popular island in the Exuma Cays. Narikela is offered unfurnished.

Simply put, Narikela is the opportunity of a lifetime!