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.

Greystone is situated on one of the finest pieces of elevated beachfront properties in The Cut, Little Exuma, offering breathtaking views of the Exuma Blue waters. This home has 5,000 sq.ft. of interior space and features a main house with 5 bedrooms, 3 bathrooms, and a guest house with 2 bedrooms and 1 bathroom.

Highlights and new upgrades of the property include an extensive patio that wraps around the entire house; new infinity pool (diamond bright); hot tub; luxury teak wood pool chairs; two new deep water wells with purified water (safe to drink) and Reverse Osmosis System; two new 4 ton Central Air Conditioning systems; Generac generator with new 500 gallon propane tank along with industrial grade surge protector (enough to supply the entire house with two weeks of power); and two 2,500 gallon water reserve tanks with a total of 5,000 gallons of reserved water.

In addition the house features soaring ceilings, large hurricane impact windows, and sliding doors; brand new Kitchen Aid dishwasher; and new Serena and Lily luxury bedding in both master bedrooms.

The Cut is a private waterfront community near the island's natural Lazy River, which is one of the most sought after attractions on the island. Only 30 minutes from the Exuma International Airport, and 10 minutes from the World Famous Tropic of Cancer Beach. Little Exuma is home to some of the most astounding beaches on the island.

Not only is Greystone an awesome investment opportunity for a vacation rental, its grand living and patio space makes it the perfect location to host family gatherings.

Home is being offered fully furnished. Please contact me today to set up a viewing!