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.

Step into a world of comfortable waterfront living in this beautifully renovated Bahamian home located along the picturesque Eastern Road.

Offering breathtaking, uninterrupted views of the azure ocean from expansive glass windows and doors, this spacious home is ideal for relaxing and entertaining.

The ground floor is designed for seamless entertaining with a modern, open-concept kitchen featuring sleek quartz countertops, fine white cabinetry, an island, bar and the latest appliances. It flows effortlessly into the eight-seater dining area, open living area with the original stone fireplace and an alluring indoor garden in the bonus entertainment area, all with ocean views! Here you will also find a powder room, full sized laundry and additional bathroom.

Upstairs, the second floor offers a sanctuary of comfort with three generously sized bedrooms each designed with a focus on privacy and tranquility. The three bathrooms are illuminated with large windows and skylights over contemporary showers. For your convenience a spacious family room and ocean view gym area complete this level, ensuring ultimate convenience and function.

The waterfront outdoor spaces are an ocean lover's dream where the infinity edge pool, sizeable deck, and private dock areas combine for unparalleled al fresco living and dining, perfect for boating, swimming, snorkeling, fishing, entertaining and enjoying glorious sunrises and warm sunsets.

In addition to the double car garage, the home features added storage, a back up generator and water tank.

This is an invitation to embrace life to the full by the sea.

The home is offered fully furnished with array of modern furnishings.

The Eastern Road is located only a short distance away from the world famous Atlantis Resort and Marina on Paradise Island and Palm Cay Resort and Marina.

Call for an appointment.