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.

Nestled within the thriving commercial heart of Nassau, Bahamas, this multifamily lot in Oaks Field offers a rare and lucrative opportunity for astute investors and developers. Boasting a prime location, this parcel of land is the canvas for your vision of a prosperous multifamily development.

Key Features

Strategic Location: Situated in the bustling commercial area of Oaks Field, this lot enjoys proximity to major business centers, shopping districts, and essential amenities, making it an ideal spot for multifamily housing.

Endless Possibilities: With generous dimensions, this lot offers ample space for designing and constructing a multifamily complex that can cater to the growing demand for housing in Nassau.

Accessibility: The property benefits from excellent road connectivity, ensuring ease of access for residents to reach various parts of Nassau, including the downtown area, the airport, and beautiful beaches.

Investment Potential: Oaks Field is experiencing significant growth, making this lot a strategic investment opportunity. The demand for multifamily housing in Nassau continues to rise, ensuring a steady income stream for potential investors.

Don't miss out on this chance to shape the future of Oaks Field with a multifamily development that combines modern living with the convenience of a commercial hub. Contact us today to explore this promising investment opportunity.