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.

Perched atop a hill with stunning views of the Atlantic Ocean, Jasmine is a beautifully renovated 2-bedroom, 2-bathroom stone villa in the historic Wykee Estates. Nestled in a private estate spanning Eleuthera from sea to sea, this villa offers secure access to miles of pink sand beaches, a private pool, and a launch into the Caribbean Sea.

With 10-foot ceilings, airy rooms, and 18-inch thick stone walls, Jasmine stays naturally cool. Large windows and French doors open to an Ipe wood-screened veranda, inviting ocean breezes and tropical scents. Modern amenities include air conditioning, storm shutters, and backup water tanks. The lush tropical gardens, mature trees, and private patio with an outdoor shower complete the tranquil setting.

Enjoy beach walks, swimming, kayaking, sailing, and more, all within the estate. Wykee Estates, formerly known as Heart's Ease, retains its old-world charm with stone villas, winding roads, and unmatched privacy. HOA fees cover pool maintenance and common areas.

Conveniently located between the airport and Governor's Harbour, Jasmine is just minutes from restaurants, shops, and cultural events.
Make Jasmine your island paradise today.