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.

Discover effortless island living at this exclusive 1-bedroom villa located within the intimate Fountain Bay Resort & Marina on Cat Island. Nestled along a pristine stretch of powdery white sand, this fully furnished beachfront residence blends boutique resort comfort with the privacy of a standalone home. The offering is perfect for those seeking a vacation home.

Designed for low maintenance, the villa offers an open-concept layout with sweeping ocean views, a well-appointed kitchen, a private patio, and seamless indoor-outdoor flow. Step outside and you're a few footsteps away from the Fountain Bay beach.

As part of an exclusive beachfront resort, future homeowners enjoy management services, access to on-site amenities and the confidence of ownership in a rising destination with long-term growth potential.

Key Features
"' 1 Bedroom | 1 Bathroom
"' Beachfront Location with Direct Ocean Views
"' Fully Furnished and Move-In Ready
"' Turnkey Rental Potential with On-Site Management
"' Access to Future Resort Amenities and Marina
"' Ideal for Vacation Use or Short-Term Rental Income
"' Minutes from New Bight Airport (with international charter access)

Whether you're searching for a serene Bahamian escape or an income property, this villa offers the best of both.