Loan amount

Down payment $

Monthly mortgage P&I

Remaining cash after close

Savings minus down payment and closing costs

Liquidity status

Monthly carrying cost

Mortgage + maintenance

Board minimum (12 mo)

Standard requirement

Strict minimum (24 mo)

Top buildings

Housing DTI (front-end)

Board target ≤ 28%

Total DTI (back-end)

Board target ≤ 36%

DTI status

Max qualifying purchase price at current income and debts

Assumes same rate, HOA, and 36% back-end DTI limit

ESTIMATED CLOSING COSTS ONLY
These figures are approximations for planning purposes. Actual costs will vary based on your lender, attorney, building, and deal specifics. Verify every number with your attorney and lender before making financial decisions.
Mansion tax
1% at $1M, tiered above $2M
Attorney fee
Board application fee
Bank attorney fee
Appraisal
Recognition agreement fee
UCC filing fee
Move-in deposit / fee
Loan origination / points
Credit report / misc lender fees
Prepaid interest (1 month)
Homeowners insurance (1st year)
Mortgage recording tax
N/A for coops
$0
Estimated total closing costs