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.

Located on the renowned Spanish Main Drive, this sea-to-canal estate is one of the best luxury offerings currently on the market in The Bahamas. Villa Alegria and Yacht House together provide a seamless blend of oceanfront and canal-front living, offering an unmatched lifestyle for those seeking elegance and convenience.

Villa Alegria sits on 150 feet of pristine beach and features 3,851 sq. ft. of living space. The home welcomes you with a grand foyer leading to an impressive great room with soaring ceilings that open to the pool deck and ocean beyond. Surrounding this central space are a dining room, family room, and an etched-glass enclosed library filled with natural light.

The home includes two master suites with walk-in closets and stately bathrooms, both offering direct pool access. An additional ensuite guest bedroom overlooks lush gardens. The chef's kitchen is equipped with premium Miele appliances, perfect for entertaining, while white oak wood and marble flooring add timeless sophistication. Outside, the expansive pool deck offers breathtaking panoramic views of the turquoise waters, making it the ultimate space for relaxation or entertaining.

Villa Alegria is also equipped with smart home-controlled air conditioning, a whole-house sound system, advanced security cameras, and a gated entrance, ensuring comfort and security.

Yacht House, located just across the street, sits on 140 feet of canal frontage with a 100 ft dock featuring posts for a secure boat lift. Covering 1,038 sq. ft. with an additional 250 sq. ft. of patio, this charming home features a classic Freeport design with a central living and dining area, an open-plan kitchen, and two bedrooms overlooking the canal.

Together, Villa Alegria and Yacht House represent an exceptional opportunity to enjoy the best of both oceanfront and canal-front living in Grand Bahama.