Welcome to Apartment 3A at 501 West 123rd Street an exceptional opportunity to transform a blank canvas into your dream home within a vibrant, amenity rich community in Morningside Heights.

https://www.nestseekers.com/3892276/morningside-gardens-501-west-123rd-street-3a-new-york-ny-10027-usa
501 West 123rd Street

Price$618,000
Down $ %
Loan Amount $494,400
Years Adjustable Rate Mortgage @ 5.1500
30 year fixed @ 8.0000
15 year fixed @ 7.0000
10 year fixed @ 6.7700
10/1 Adjustable Rate Mortgage @ 6.2500
7/1 Adjustable Rate Mortgage @ 5.5500
5/1 Adjustable Rate Mortgage @ 5.5500
3/1 Adjustable Rate Mortgage @ 4.1800
One Year Treasury Rate @ 5.3600
Mortgage 30 year fixed @ 8.0000%

The interest rate for this loan will stay the same for the entire term of the loan. The term for this loan is 30 years. Payments are calculated so that you make a monthly payment for 30 years (360 payments total) and pay the loan off in full at the end of that 30-year period.

$3,627.73 / month

Maintenance$1,462.29
Total Monthly $5,090.02
Down payment$123,600
Closing Costs
Attorney $1,750
Mortgage Bank Fees $4,944
0% to 1% of loan amount
Mortgage Fees $500
Credit Report, Appraisal, Application: 500-1000 +
Mortgage Bank Attorney $400
Lien Search $250
250-350
UCC-1 Filing $50
Move-in Deposit $250
Refund-able after move-in: 250-1000
Recognition Agreement Fee $200
Mansion Tax $0
1% tax if purchase price is over 1,000,000
Estimated Total:$8,344
Total Upfront: $131,944

Closing costs are provided merely as an approximation. Real costs may vary. All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice.