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.

Introducing Still Lake Townhouses an exclusive enclave of just 18 modern lakefront townhomes in the heart of The Bahamas, now available for reservation.

This corner 3-bedroom, 2.5-bath residence offers 1,600 sq. ft. of refined interiors, expanding to 2,100 sq. ft. with private patios and balconies that capture serene lake views.

Crafted with steel and concrete for long-lasting durability, these homes are elevated three feet above road level and feature a smart drainage system that blends naturally with the landscape. Interiors pair timeless design with resilient materials anti-slip marble tiles on the ground level, wood-grain ceramic upstairs, and nano rock aluminum wall and ceiling panels for added strength and minimal maintenance. Kitchens feature quartz countertops and sleek OSB cabinetry, while bathrooms are outfitted with aluminum shower partitions and eco-friendly wooden doors.

Amenities include:

Infinity pool overlooking the lake

State-of-the-art fitness center

Elegant clubhouse for entertaining

Expansive lakefront entertaining deck

Children's playground

Scenic boardwalk along the lake

Gated entry for privacy and security

On-site generator for uninterrupted service

Eco-conscious finishes throughout the development

Still Lake Townhouses offers the ideal blend of resort-style amenities, sustainable design, and modern luxury. Contact us today for a private tour and to reserve your lakeside retreat.

Experience refined Bahamian living like never before.