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.

Explore the charm of island living in this spacious two-story condo located in Lagoon Court that is nestled within the picturesque Sandyport Olde Towne. This 3-bedroom, 3-bathroom penthouse was recently refreshed and boasts over 1,850 square feet of space, plus balconies off the living room and two primary bedrooms with vistas over Sandyport Old Towne and Baha Mar in the distance.

The kitchen is equipped with stainless steel appliances, which set the stage for effortless entertaining. Each bedroom is a haven of comfort, complete with an ensuite bath and ample walk-in closet space. Unwind in the main bathroom, featuring a double vanity, separate shower, and soaking tub, perfect for relaxation after a long day.

Lagoon Court benefits from having a whole backup generator and elevator. The owner of this apartment also has a boat slip that would be included with a sale. Lagoon Court also benefits from ample parking and 24-hour security patrolling.

Sandyport is renowned for its family-friendly atmosphere and its convenience, thanks to its central location on the west end of the island. Discover the appeal of a residence in Lagoon Court, which benefits from access to the Sandyport Hotel's amenities and is within walking distance of a pristine white sandy beach.

Located in the sought-after Sandyport along the Cable Beach strip with additional amenities such as a tennis court and pool, as well as a gym, restaurants, cafes, shops, a grocery store, a pharmacy, and a liquor store downstairs. Within walking distance are additional shops, restaurants, dry cleaners, and a supermarket. Also, take a brief ride to Baha Mar to indulge at one of its restaurants and bars, spend a fun day at the waterpark, or shop at its wide selection of boutiques.

Property Highlights include the ability to be listed as an Airbnb and Holiday Rental, and the property has a Full Back-Up Generator, Dock Slip, Spacious Light & Airy Penthouse, it's on a Secure Development with Security Patrolling 24 Hours Per Day, Ample Parking, Complimentary Access to the Resort Facilities of the Sandyport Hotel, and it's within Walking Distance of a Pristine White Sandy Beach.