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Summit House
CO-OP
7100 Boulevard East
Guttenberg, NJ 07093
Convenient
Location
for NYC commuter |
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Lobby |
24 Hour Front Desk Services |
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Easy to/from NYC |
To NYC bus stop across from building |
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Summer will be here soon |
Laundry on each floor |
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Buyer's Finance Calculation |
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selling
price |
145,000 |
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must have 10% down payment |
$14,500 |
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mortgage
amount |
$130,500 |
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your
monthly mortgage @ 5% for 30yrs |
$700 |
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maint.
fee (incl. real estate taxes, ALL utilities, u/l
mortgage) |
$1120 |
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monthly
mortgage + maintenance fee |
$1820 |
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3:1
ratio { Income >= 3 x 12 x (mortgage+ maintenance
fee)} |
$65,500 |
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Without any other debts
such as car loan, student loan, credit card
debt,
you need to make approximate
$65,500/year salary
to be qualified by
co-op board. |
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Didn't get it? Don't worry, click here to do some math... |
If
you pay all the cash, without mortgage,
without
any other debts,
you only need to make $1120x12x3=$40,000/year
to be qualified by co-op board |
*** Information deemed
reliable but not guaranteed ***
*** The information contained herein is for illustrative purposes
only *** |
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Hallway |
Entrance Foyer |
Hudson River View from Windows |
Bedroom with Hudson River View |
Hudson River View from Windows |
Hudson River View without Window Frame |
Wall of Closets |
Large Bedroom |
Full Bath |
Easy in/out Shower |
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