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.

This iconic Venetian-style palace has been reduced drastically until the 7th of May, 2025. This is a fantastic limited-time opportunity to purchase this amazing home at an unbelievable price. The seller is offering this lower price to take advantage of another opportunity. Once this window expires, the price will go back up to its original price.

Recently renovated by Interior Designer Steven Zelman, this home, with its one-of-a-kind Mother of Pearl mantel, has an open plan living and kitchen area beneath a breathtaking 35 ft. cathedral ceiling. With three 30 ft. Palladian style windows accented by Venetian hand-finished walls and columns, custom-made New Zealand wool, and India silk rugs, this show place brings in the light and life of the tropics. The 7 ft. chandeliers are metal with a pearlescent finish, painted by Ferrari, and adorned with crystals. Additionally, there are two spacious, very private one-bedroom guest houses, one on either side of the driveway. They both have kitchenettes, walk-in wardrobes, and private porches that open to the lush landscaped gardens. Special features of this estate include an oversized pool, a Jacuzzi spa under a stone gazebo, a private marina dock directly on Nassau Harbour that extends out approximately 130 ft offering spectacular views and includes shore power, a 30,000 lb boat lift and jet ski lift.

The exclusive and private Ocean Club Estates on Paradise Island, Bahamas offers property owners access to a world-class 18-hole Championship golf course by Tom Weiskopf, tennis courts, and a private Beach Club on the world-famous Paradise Island Beach. Ocean Club residents also enjoy the use of all the facilities at Atlantis Resort and Casino and The Four Seasons Ocean Club Resort.

113 Ocean Club Estates is now very well-priced and represents a great opportunity to own an Iconic Ocean Club Home.