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.

In a world where true privacy is becoming harder to find "' even in paradise "' Hummingbird Cay stands apart. Nestled in the unspoiled southern Exumas, this island offers the rarest of balances: seclusion without isolation, serenity with convenient access to mainland amenities.

The original homes of Hummingbird Cay exude rustic Bahamian charm. Weathered by the salt air, shaped by history, and intentionally preserved, these soulful cottages provide a rare kind of luxury "' one defined by simplicity. Each structure reflects the island's natural rhythm, offering an intimate connection to the land and sea. For those drawn to barefoot elegance, timeless character, and a deep sense of place, this island experience is both unique and unforgettable.

Hummingbird Cay can be treasured exactly as it is "' a private sanctuary of natural beauty, complete with three beaches totaling 4,200 feet of pristine beachfront. However, for those with a broader vision, the island offers endless possibilities. Whether you choose to enhance the existing cottages, create new villas that honor the island's spirit, or develop a boutique commercial brand, the canvas is yours to shape.

Stewardship of Hummingbird Cay is not just a privilege; it's a promise. With its rare scale, stunning natural beauty, and enduring privacy, the island invites you to become part of its story. Here, owning land means more than just possession "' it's about carrying forward a legacy of tranquility and timelessness.

Key Features:

Two Fully Equipped Main Residences

Saltwater/Freshwater Pool

Two Bungalows with Bathrooms

Common Area Commercial Kitchen

Common Area Living Room

Three Caretaker Cottages

Common Area Caretaker Kitchen

Full Solar System with 70 KW Solar Array and 130K Watt Hours of Storage

Reverse Osmosis Water System

Two Whisper Watt 45KW Diesel Generators

Fresh Water Well

Three Beaches and 4,200 Feet of Beachfront

Private Boat Harbour and Deep-Water Boat Access

Extensive Trails, Palm Meadows, and Elevated Terrain

Abundant Bonefishing and Diving Opportunities

Development Potential for villas, boutique accommodations, or a private retreat.

The island is just a 15-minute boat ride from Great Exuma and Georgetown, where you'll find groceries, restaurants, building supplies, and services such as housekeeping, gardening staff, private chefs, spa staff, dive masters, and fishing guides.

Hummingbird Cay presents a rare and extraordinary opportunity for the discerning buyer seeking the ultimate in privacy, beauty, and potential. Whether you wish to preserve its natural splendor or develop a bespoke island retreat, this island will become a treasured legacy "' one that is as timeless as the waters that surround it.