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 island living at its finest. This 3-bedroom, 3.5-bath townhouse in the prestigious Bell Channel Club offers stunning views of the ocean, canal, and marina "' a rare setting where you can relax and watch yachts glide into Port Lucaya Marketplace.

The residence spans three levels with a bright, open-concept layout. Enjoy patios off both the living room and master suite, perfect for taking in the views. The top floor features a private guest suite with ensuite bath and skylight, while the home itself comes fully furnished with hurricane-impact windows for comfort and peace of mind.

Bell Channel Club is more than a home "' it's a lifestyle. Owners enjoy exclusive amenities including:

Private marina (dockage may be available)

Heated swimming pool

Tennis court & clubhouse

Pristine, HOA-maintained private beach

Gated entry with on-site management

Reverse osmosis water system & available garages

Set on one of Grand Bahama's most beautiful beaches, Bell Channel Club offers both privacy and convenience, just minutes from Port Lucaya Marketplace. Whether for full-time living, a vacation retreat, or investment, this property combines elegance, comfort, and the best of island life.