Own for less than renting! At 20% down with 6. 5% interest rate, monthly payment would be $ 2, 550 inclusive of maintenance, mortgage, and property taxes! Facing north, this straight studio features an updated kitchen with stainless steel appliances, and Caesarstone countertops. The renovated bathroom features floor to ceiling ceramic tile, along with an accent waterfall mosaic tile insert in the shower area. 2 oversized closets provide plenty of storage space. The low maintenance includes heat, hot water, gas and air conditioning (a rarity!)
Board permits pied a terres, parents buying with working children, gifting, and subletting after 3 years. Pets allowed! Note board does allow ARMs, but at 75% financing and additional qualifications are required, ask listing agent. 80% financing allowed for fixed rate loans.
The Murray Hill Crescent is a well run building with 24 hour doorman, a roof deck with brand new furniture and stunning views of the Empire State and Chrysler buildings, newly renovated hallways and lobby (no assessment needed!), laundry room, live-in super, storage units, and a garage. Great location near Fairway (30th and 2nd Ave), Trader Joes (31st and 3rd Ave), and Target (29th and 2nd Ave). Close to 6 train at 33rd or Grand Central for the 4, 5, 6, 7 crosstown, or Metro North.
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Our Executive Mortgage Banker:
Our Insurance Division:
$359,500
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $287,600 | $287,600 | $287,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.563% | 7.159% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,913 | $1,911 | $2,425 |
Total Monthly Payment | $1,988 | $1,986 | $2,500 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.