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 breathtaking and rare parcel of 4.347 elevated acres on soft pink sand, with 419 feet of Bahamian blue waters, is now available.

Perfect for either an individual homestead or several rental villas, the ocean views from this quiet, expansive, elevated lot are exquisite.
From the northern corner of the lot, there will be easy access to the beach with stairs, which are about 15 feet high. Then as the height becomes more elevated along to the southern corner, additional steps would be needed, perhaps with a platform containing tables and chairs to sit overlooking the ocean and have breakfast or a cocktail.

In addition, this desirable property comes with concrete walls, underground electrical power, local water and a well. Sub division approval has been given.

An acreage of extraordinary natural beauty, it is located close to the pretty local settlement of North Palmetto Point and is surrounded by untouched native coppice, thatch palms, buttonwood, coconut trees, almond trees, and a variety of flowering plants and bushes. Most of the properties in this area are larger parcels of land and provide privacy and tranquillity.

However, it is only a 10 minute drive to the quaint island capital of Governor's Harbour with its shops, cafes and restaurants and the iconic Tippy's restaurant is just a short drive to the north on the Banks rd.
The 2 nearest airports are Rock Sound to the south, about a 30-minute drive, and Governors Harbour Airport, about 25 minutes away.
This is a very special property that should be fully appreciated.