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.

Nestled in a natural harbour just a few miles offshore, this rare beachfront gem offers breathtaking turquoise water views, direct access to nearby cays, and an idyllic island lifestyle. Accessible by small boat, the property is perfect for boaters, water lovers, and those seeking a tranquil retreat.

The main house features 2 bedrooms and 1 bathroom, with an open deck patio overlooking the serene Clarence Town Harbour, which is ideal for enjoying sunrises, sea breezes, and endless ocean views. Additionally, a 1-bedroom studio apartment is located above the single-car garage, offering an income opportunity or a private space for guests to relax and take in the spectacular scenery.

With 117 feet of pristine beachfront, you can step outside your door to enjoy world-class snorkeling, swimming, and fishing just offshore. A nearby private marina with a restaurant and bar adds to the convenience, while other dining and entertainment options are within a short distance. The property is beautifully landscaped with native trees, palms, and lush natural vegetation, enhancing the tropical ambiance.

This is a rare opportunity to own a slice of paradise in one of the most sought-after boating destinations. Whether you're looking for a personal escape or an investment property, this waterfront retreat is truly one of a kind.

Don't miss out on this opportunity! Schedule your private viewing today!