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 amid lush mature trees and vibrant foliage, Chelsea Place is a private sanctuary in the heart of exclusive Lyford Cay. Ideally situated just minutes from the Lyford Cay Club, this impressive two-storey residence combines timeless elegance with modern comfort"'perfect as a family estate or refined island retreat.

Initially built in the 1990s and fully renovated in 2012, the home underwent a transformative expansion that added a whole second floor with soaring tray ceilings and exquisite cherry wood floors. The property now features nine bedrooms in total"'including five ensuite bedrooms upstairs, three bedrooms on the ground floor, and a self-contained guest cottage overlooking the pool.

The lower façade is elegantly clad in Corallina stone, lending an air of sophistication. At the same time, the rear of the home evokes classic Caribbean colonial charm with sweeping verandas on both levels, draped in flowering vines that enhance its romantic, old-world appeal.

Inside, a majestic entryway with a grand staircase and 20-foot ceilings creates a dramatic first impression. The ground floor features multiple spacious living and entertaining areas, a formal dining room, travertine tile flooring throughout, and a well-equipped kitchen with built-in cabinetry and a wine cooler, ideal for entertaining in style.

With limited inventory currently available in Lyford Cay, Chelsea Place presents a rare opportunity to acquire one of the community's distinctive homes. This elegant and private oasis perfectly blends grandeur, comfort, and tropical tranquility.