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.

Sand Dollar Cay is one of the islands that forms the harbour known as Little Harbour in the Berry Islands and is directly west of Little Harbour Cay, which lies north of Bond's Cay. It comprises approximately 24 acres. The island offers deep water access, crystal clear waters, and white sand beaches and great elevations

J. Linton Rigg, in his book entitled Bahama Islands, described Little Harbour thus: Here is the best harbour in the Berry Islands. It is well named, the inner harbour being little, snug, and a veritable hurricane hole.

There are foundations of a stone home on Sand Dollar Cay along with stone paths leading to the beaches. The island has great elevations and the home is set where it will have 360-degree views around the island. The Berry Islands have a great location being just 30 miles to the northwest of New Providence and Sand Dollar Cay is just over an hour away from Lyford Cay by boat.

Discover Sand Dollar Cay and bring your private island dream to life.