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.

Set in a secluded, turquoise-lined beach cove, this exceptional beachfront estate offers a rare blend of privacy, comfort, and turn-key island living. Boasting two beautifully appointed homes, a beachfront cabana, and a private boat house, this property is perfectly designed for a family retreat, income-generating rental, or luxury island escape.

Main Residence.
This contemporary 3-level home offers sweeping ocean views and modern comforts throughout, featuring 3 spacious bedrooms and 3 bathrooms. Fully air-conditioned with a central A/C system. Covered carport/shed. Secured with security cameras. State-of-the-art media room with panoramic sunset views on clear days, the southern tip of the Exuma Cays is visible. Expansive open-plan living spaces designed for comfort and entertaining. Internet provided by Starlink.

Guest House
Designed for hosting or extended stays, the guest residence features 3 bedrooms plus a cozy loft with 4.5baths, 2 bedrooms with 'jack & jill' bathroom, and a full bath with ocean views from each room. Open-concept layout with large decks overlooking the Caribbean Sea. Fully air-conditioned. Additional covered shed/carport. Footpath to the main house, which is naturally landscaped.

Additional Accommodations & Features
A separate garage with an automatic door opener, accommodating the golf cart, tools, and equipment. An independent 1-bedroom suite deal for a property manager, caretaker, or short-term rental income. Thatched beachfront cabana with hammock and BBQ area, perfect for relaxing steps from the sea. Newly built boat house for the Scarab boat, ready for fishing trips or visits to nearby cays. Includes golf cart, tractor, and SUV for your convenience

Natural Beauty & Adventure
The property is fronted by calm, crystal-clear waters, ideal for snorkeling, kayaking, or discovering a variety of marine life along the shoreline. Whether you're seeking an exclusive private getaway or a luxury rental property with endless amenities, this estate offers the best of island living in a one-of-a-kind location.