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.

Embrace the essence of island living from a ridgetop vantage point where sweeping views of the turquoise sea on the "Caribbean side" set the scene for your ideal retreat.

Measuring 90 by 120 feet with approximate elevations between 129 and 130 feet, this vacant parcel enjoys a quiet, well-established residential setting that blends tranquility with convenient access to nearby utilities and amenities.

Within the community, residents share access to five pristine beaches, scenic jogging paths, verdant parks, and boat ramps, along with courts for pickleball and tennis and a community center for social events and meetings"'all thoughtfully designed to encourage an active, outdoor lifestyle.

Situated just 20 minutes from Governor's Harbour, this location offers easy access to boutique shops, charming restaurants, and the island's famed pink-sand beaches. Two nearby airports and regular ferry connections to New Providence, Spanish Wells, and Harbour Island ensure smooth travel to and from Eleuthera.

Property Owner's Association fees are $130 a year.

With elevated ocean views and a serene ambiance, the property offers the perfect canvas for a retirement residence, vacation home, or income-generating Airbnb investment. Wake each morning to cool island breezes and endless ocean horizons"'your island dream awaits!

Secure this exceptional ocean-view opportunity and book a private viewing appointment today.