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Welcome to Stonegate, a conveniently located cooperative community in Peekskill. This lovely one-bedroom, one-bathroom garden unit offers an open floor plan with a spacious bedroom, kitchen, bathroom with oversized vanity, a new wall air conditioner, ample closet space including two walk-in closets and updated windows. There is a common laundry room in the lower level of the building and an assigned storage area. Space 178 is assigned to the unit and there is plenty of visitor parking available. The monthly maintenance includes heat, hot water, sewer and basic cable. Enjoy summers at the community pool and the designated barbeque areas. It is a short drive to downtown Peekskill where you may enjoy many shops, restaurants, The Paramount Theater, the Metro North train to Manhattan and the Peekskill waterfront. There is a walking path from the complex to the Beach Shopping Center and New York Presbyterian Hudson Valley Hospital is close by. Board approval is required with a minimum credit score of 775, 20% down payment at contract signing, income requirements of $38, 000 for cash transactions, $55, 000 for mortgage purchases, a DTI of 35% and $15, 000 is required in liquid savings at closing.
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Our Executive Mortgage Banker:
Our Insurance Division:
$125,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $100,000 | $100,000 | $100,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.990% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.197% | 6.156% | 5.609% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $568 | $599 | $810 |
| Total Monthly Payment | $643 | $674 | $885 |
* 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.