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.

Sayle Point is a one-of-a-kind 4-acre beachfront estate located in Rainbow Bay, Eleuthera, offering a blend of luxury and natural beauty. The centerpiece is a 3-bedroom house featuring panoramic ocean views from every window, designed for light and comfort, perfect for relaxation or entertaining. Additionally, the estate includes a charming cottage and amenities such as a tiki bar, 750 ft driveway, 1,000 ft of water frontage, private beach, security system, and watersports. The property currently offers short term rentals and is performign extremelty well. A buyer can inherit the booked rentals and strong reputation as a short term rental property.

Highlighting its potential, Sayle Point is also a great development opportunity and has approved plans for water bungalows, allowing for expansion and enhancing its attractiveness as a luxury rental or private sanctuary. In additon, the adjacent lots are also for sale, allowing for further expansion. It represents not just property but a lifestyle choice and investment opportunity in a picturesque Bahamian setting. Sayle Point is where coastal living dreams can become a reality.

A plot plan is available upon request.