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.

Welcome to Sandy Toes and Sunny Haze, a captivating island duo perched on an elevated lot in the heart of Rainbow Bay. This well-maintained property boasts sweeping views of the Atlantic Ocean and delivers the perfect blend of tropical charm, modern comfort, and investment potential all under one roof.

The home features a flexible layout ideal for extended family living or hosting guests. A two-bedroom, two-bath main residence is seamlessly paired with a separate two-bedroom, two-bath guest apartment. This unique design allows for privacy, comfort, and versatility.
Step inside to bright, breezy open-plan living, dining, and kitchen areas that evoke effortless island living. Tastefully finished with a relaxed coastal aesthetic, the interiors open onto spacious, shaded porches, private retreats for morning coffee, afternoon lounging, or evening gatherings under the stars.

Sandy Toes and Sunny Haze is nestled just minutes from Eleuthera's pristine pink sand beaches. Spend your days swimming at the vibrant Little Twin Beach or exploring the tranquil waters of nearby Rainbow Beach, which is ideal for snorkeling, paddleboarding, and kayaking. As night falls, take in panoramic sunset skies and the magical glow of a starry Caribbean night.

Residents of Rainbow Bay enjoy exclusive access to community amenities, including tennis and pickleball courts, boat ramps, and the popular Rainbow Inn Restaurant famed for its local fare and tropical cocktails. The nearby village of James Cistern offers a taste of authentic Bahamian culture, from fresh conch salad to delicious seaside restaurants with live music.

Centrally located and easily accessible, Sandy Toes and Sunny Haze is just a short drive from both North Eleuthera and Governor's Harbour international airports. The property offers easy access to top destinations, including Harbour Island, Spanish Wells, Hatchet Bay Caves, and the world-renowned Glass Window Bridge.

Whether you're looking for a serene full-time residence, a vacation getaway, or a turnkey rental investment with proven appeal, Sandy Toes and Sunny Haze invite you to enjoy Eleuthera's timeless beauty, easygoing lifestyle, and undeniable charm.