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.

Wake up to the sound of waves gently lapping on the sand!

Parlay at Sunset is a beautifully renovated island-style rental property on the sandy beach just north of the quaint local settlement of Tarpum Bay, with its small shops, cafes, and local fishermen selling their daily catch.
With 5 bedrooms and 3 bathrooms and an owner dedicated to providing the most comfortable holiday location possible, it has become a hugely popular rental over the last 3 years with 5-star reviews.

The Great Room has been completely renovated, including new tiled floors, new appliances in the kitchen, a dining table for 10, and a comfortable TV/sitting area with a large screen TV. It looks out to the breathtaking azure blue waters of the Caribbean, or the Bight side, on a soft sandy beach.
Outside the Great Room is the wonderful, screened Bahama room, with additional comfy seating and another dining area, perfect for lunch or dinner.

The garden and beach are simply glorious! Lovely tropical plants and trees, a tiki hut containing kayaks and paddleboards, chairs and loungers. Sunbathe or lie back sipping a cocktail next to the calm, clear Bahamian waters. Listen to your favorite music on outdoor Bluetooth speakers and relax.

There are two wings to the house off the Great Room, the west wing having 2 queen-sized bedrooms and a bathroom. In addition, the west wing also has another tv/sitting room and large playroom for children, which could also be converted to an office. The east wing consists of a master bedroom with TV and en suite bathroom looking out at the ocean, plus 2 twin bedrooms sharing a bathroom. All the bedroom furniture is good quality solid wood and all mini splits are new. There are even new, separate washers and dryers for each wing.

Although Parlay has a very tropical beach house feel, all the conveniences for a comfortable holiday are there, including a generator for any island power outages bought in 2023! For peace and tranquility and for exploring blue holes, cathedral caves, and unspoiled beaches, Parlay is hard to beat. Or snorkel and kayak outside the back door! Located not far from Rock sound Airport, there are daily flights to Nassau and also from Governors Harbour airport which is about a 30minute drive to the north and also has flights to the US.