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.

Seize the opportunity to own a rare piece of untouched Bahamian beachfront within the private enclave of Fountain Bay Resort & Marina. These generously sized 100 x 120 ft lots sit directly on one of Cat Island's most breathtaking stretches of shoreline, offering panoramic views of turquoise waters, soft white sand and endless sunrises.

Located in a master-planned, boutique resort community, each parcel provides the perfect canvas to design a custom beachfront residence, vacation villa, or investment property. With full utility infrastructure in place and optional access to future resort amenities, these lots are ideally suited for those seeking both lifestyle and long-term value.

Lot Highlights
"' Direct Beachfront (100 ft wide frontage)
"' 12,000 sq ft (approx.) | Zoned for Residential Development
"' Located within Fountain Bay Resort & Marina
"' Infrastructure in Place: Utilities, Road Access
"' Eligible for Short-Term Rental Investment or Private Home
"' Minutes from New Bight Airport with daily connections from Nassau
"' Marina & future amenity access available


As Cat Island garners increasing interest from savvy investors and luxury travelers, these lots represent an exceptional entry point into the Bahamian property market, whether for personal use, a vacation retreat, or as part of a boutique rental portfolio.