2 bedroom, 1. 5 bath coop for sale within the Longwood section of the Bronx. This coop offers over 900 sq ft of living space fitted with floor to ceiling windows that offer plenty of natural sunlight. The laminate wood floors and open floor concept provide for a spacious floor plan with balcony views overlooking the Bronx. The unit also features central AC & heating, a video intercom system, and an ensuite energy-efficient washer & dryer. The Melody Coops is LEED Platinum-certified and is the first residential building in NY to comply with NYC Active Design Guidelines, promoting physical wellness. The Melody also pays tribute to the musical traditions of the neighborhood, which are showcased through the ironwork and murals throughout the complex. The building also features an indoor-outdoor gym, assigned storage lockers, bike racks, and an active waiting list for parking. It must be owner-occupied; no subleasing. Income restricted. Limited financing
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William Raveis Real Estate
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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 | $208,000 | $208,000 | $208,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.171% | 6.538% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,419 | $1,382 | $1,783 |
Total Monthly Payment | $1,494 | $1,457 | $1,858 |
* 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.