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.

A rare gem to come to the market, Camelot is an exceptional and unique property perched along the ridge of Old Fort Bay. This west-facing home is set on nearly 1.8 acres of elevated land, offering unparalleled western sunsets.

The main house features four bedrooms, each with en suite bathrooms, as well as a staff suite conveniently located near the garage. Many of the principal rooms enjoy glorious west-facing views and sunsets.

Upon entering the home, one is welcomed through the entrance hall into the drawing room, which opens via sliding glass doors onto a large veranda with panoramic views over the bay. The drawing room boasts a fireplace, built-in bar, custom cabinetry, and a tray ceiling, flowing seamlessly into the dining room and kitchen. Both the drawing and dining rooms are fitted with sliding glass pocket doors.

The spacious kitchen includes an island, a breakfast area, and a built-in desk, and is equipped with a gas stove and Sub-Zero appliances.

On the ground floor, there are three bedrooms, all en suite, as well as a powder room. Two of the bedrooms have pocket sliding glass doors, allowing them to benefit from the expansive sea views. One of these rooms is currently used as a study.

The entire second floor is accessed via a dramatic Travertine staircase, and is dedicated to the magnificent 1,400-square-foot master suite. The suite includes a separate living room with a fireplace, a bathroom with a shower stall, whirlpool tub, bidet, expansive walk-in closets, a dressing room, and a private terrace with breathtaking ocean views.

The grounds are equally impressive. Relax in the sea cabana, swim from the private dock, or stroll to the adjacent white-sand beach of Old Fort Bay. Alternatively, enjoy the infinity pool while watching the sun set.

The property is walled and gated with an intercom entrance and is surrounded by mature, beautifully maintained trees. The main house also includes staff accommodations, a double garage, and a full backup generator.

Located approximately 50 feet from the main house is a charming one-bedroom cottage. It features a living room with a dining area and tray ceilings, a kitchen, and a bathroom.

Camelot ideally located minutes from Lyford Cay and Albany, just 5 minutes from an international baccalaureate school, 10 minutes from Nassau's International Airport, and only a short walk from the exclusive Old Fort Bay beach.