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.

We are pleased to launch the first of the North Windermere estate lots to come to market since the new development team took over the property in 2018. They have spent over 5 years thoughtfully and diligently planning the new project. The North Windermere Island development makes up the northern one-third (168 Acres) of Windermere Island and has its own private gated entry. With several existing amenities including a 5,000 sq ft guest house, a comfort station with a fully renovated boat house offering a variety of watersports. Along with the recently completed boat basin with 32 slips, a concrete boat launch ramp, and much more to come.

Windermere Island is 6 miles long, lies just off Eleuthera, and is conveniently connected by a gated bridge with 24-hour security. The Island has always been known as the crown jewel in Eleuthera's luxury market, and North Windermere is where it shines brightest.

Lot 16 represents the project's first and only lot available for sale in more than 5 years. The lot has over 850 feet of water frontage on the Savannah Sound, a private beach along the boat basin, and its own private dock. The 1.9-acre lot is large enough to build a 20,000 sq ft estate with a large main house and several guest cottages. The lot has excellent natural topography without any grading improvements and the has 360-degree views with exceptional eastern and western vistas"¦