247 Mt. Hope Place marks the arrival of a new classic, perfectly composed in the heart of Mt. Hope/Tremont neighborhood of the Bronx. This elegant and well-preserved building has been transformed into modern, and spacious condominiums. All rising from the epicenter of New York's most culturally and diversity rich borough. This well apportioned 3-bedroom, 2 bathrooms unit offers over 1, 100sf of space. Generous amounts of sunlight with southern exposure in the living/ dining area and Northern exposure in the bedroom areas. The building is conveniently located close to a large array of entertainment, parks, great restaurants and caf s including: Falafel Place, Fleming's Steakhouse and Wine Bar, New Horizons Shopping Mall, River Plaza, Richman (Echo) Park, Devaney Triangle, Mount Hope Garden, Barry Plaza, Hall of Fame for Great Americans, and Bronx Museum of the Arts (BXMA). Close to public transportation NYC MTA subway stations B and D lines, New York City Bus routes Bx1, Bx2, Bx36. , Additional information: Interior Features: Efficiency Kitchen
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Our Executive Mortgage Banker:
Our Insurance Division:
$475,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@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 | $380,000 | $380,000 | $380,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.191% | 7.171% | 6.276% |
Monthly Tax Payment | $23 | $23 | $23 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,496 | $2,526 | $3,205 |
Total Monthly Payment | $2,594 | $2,624 | $3,303 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.