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.

This two-bedroom, two-bath house sits on three lots. The bright open-plan living/kitchen and dining room has lots of windows and light furnishings for a pleasant living experience. It comes with a new water-efficient whirlpool washing machine, dishwasher, microwave, air fryer, toaster oven, Kitchen equipment (pots, pans, dishware, glassware, bowls, etc.), furniture, vacuum, TV, and ductless air conditioners.

The detached garage comes with the following tools: Over 50- hand tools, battery-operated land mower and weed wacker, shop vacuum, circular saw, Jig saw,12" miter saw, chain saws (one battery-operated), Numerous battery-operated drills, spare jalousie windows, compressor and air tools, spare water and pool pumps, extension ladder and 2 step ladders, spare roof shingles, pool equipment, plumbing, electric and solar parts, fishing rods, gardening tools and supplies, and paints with rollers and brushes.

Outside there is a garden with vegetables, fruit trees, coconut palms and flowering plants.
Greenwood beach has been voted one of the top ten beaches in the world by Conde Nast and it is a five minute walk from the house.

This is a must see if you love outdoor living and the beach.