Buy or Rent Analysis for NYC Co-op

Assumptions
($)
Upfront Costs
Price
Downpayment
Ongoing Costs
Monthly Maintenance
Monthly Taxes
Homeowners Insurance
Loan Information
Mortgage
Interest Rate
Term (Years)
Term (Months)
Monthly Payment
Rent Information
Current Rent
Maximum Rent
Annual Rent Increase
Monthly Rent Increase
Other
Tax Bracket
Sponsor Unit

$750,000
$187,500

$600
$600
$75

(%)

25%

0.08%
0.08%

$562,500
3.50%
30
360
$2,526

$3,000
$5,000
3.50%
0.29%

30%
No

Return
General
Selling Price
$850,000
Rent vs. Monthly Diff.
-$1,650
Mortgage
$505,597
Downpayment
$187,500
Buyer Closing Costs
Bank Attorney & Fees
$1,500
Application/ Processing
$680
Appraisal Fee
$1,500
Managing Agent/Co-op Attorney
$750
Lien Search
$350
Personal Attorney
$1,500
UCC Filing
$100
Sponsor Transfer Tax
$0
Mansion Tax
$0
Other
$500
Selling Closing Costs
Broker Fee
$51,000
Co-op & Bank Attorney
$1,000
Stock Transfer Tax
$15
NYC Transfer Tax
$12,113
NYS Transfer Tax
$3,400
Flip Tax
$0
Other
$1,175
Net Amount
$82,970
Return/Year
8.85%

60
$6,880

0.00%
0.00%
$68,703
6%
300
1.43%
0.40%
0%

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60

Date
05/01/14
06/01/14
07/01/14
08/01/14
09/01/14
10/01/14
11/01/14
12/01/14
01/01/15
02/01/15
03/01/15
04/01/15
05/01/15
06/01/15
07/01/15
08/01/15
09/01/15
10/01/15
11/01/15
12/01/15
01/01/16
02/01/16
03/01/16
04/01/16
05/01/16
06/01/16
07/01/16
08/01/16
09/01/16
10/01/16
11/01/16
12/01/16
01/01/17
02/01/17
03/01/17
04/01/17
05/01/17
06/01/17
07/01/17
08/01/17
09/01/17
10/01/17
11/01/17
12/01/17
01/01/18
02/01/18
03/01/18
04/01/18
05/01/18
06/01/18
07/01/18
08/01/18
09/01/18
10/01/18
11/01/18
12/01/18
01/01/19
02/01/19
03/01/19
04/01/19

Mortgage
$562,500
561,615
560,727
559,836
558,943
558,048
557,150
556,249
555,345
554,439
553,530
552,619
551,705
550,788
549,869
548,947
548,022
547,094
546,164
545,231
544,296
543,357
542,416
541,472
540,526
539,577
538,624
537,670
536,712
535,751
534,788
533,822
532,853
531,881
530,907
529,929
528,949
527,966
526,980
525,991
525,000
524,005
523,007
522,007
521,004
519,997
518,988
517,976
516,961
515,943
514,922
513,898
512,871
511,841
510,808
509,772
508,733
507,691
506,645
505,597

Prin.
$885
888
890
893
896
898
901
903
906
909
911
914
917
919
922
925
927
930
933
936
938
941
944
947
949
952
955
958
960
963
966
969
972
975
977
980
983
986
989
992
995
998
1,000
1,003
1,006
1,009
1,012
1,015
1,018
1,021
1,024
1,027
1,030
1,033
1,036
1,039
1,042
1,045
1,048
1,051

Int.
$1,641
1,638
1,635
1,633
1,630
1,628
1,625
1,622
1,620
1,617
1,614
1,612
1,609
1,606
1,604
1,601
1,598
1,596
1,593
1,590
1,588
1,585
1,582
1,579
1,577
1,574
1,571
1,568
1,565
1,563
1,560
1,557
1,554
1,551
1,548
1,546
1,543
1,540
1,537
1,534
1,531
1,528
1,525
1,523
1,520
1,517
1,514
1,511
1,508
1,505
1,502
1,499
1,496
1,493
1,490
1,487
1,484
1,481
1,478
1,475

Wasted Money
Tax
Net
Maintenance Taxes Insurance Total PMT Benefit Monthly Cost
$600 $600
$75
$3,801
$672
$3,129
602
602
75
3,804
672
3,132
604
604
75
3,808
672
3,136
605
605
75
3,811
671
3,140
607
607
75
3,815
671
3,144
609
609
75
3,818
671
3,148
611
611
75
3,822
671
3,151
612
612
75
3,826
670
3,155
614
614
75
3,829
670
3,159
616
616
75
3,833
670
3,163
618
618
75
3,836
670
3,167
620
620
75
3,840
669
3,171
621
621
75
3,844
669
3,174
623
623
75
3,847
669
3,178
625
625
75
3,851
669
3,182
627
627
75
3,854
668
3,186
629
629
75
3,858
668
3,190
630
630
75
3,862
668
3,194
632
632
75
3,865
668
3,198
634
634
75
3,869
667
3,202
636
636
75
3,873
667
3,206
638
638
75
3,877
667
3,210
640
640
75
3,880
667
3,214
642
642
75
3,884
666
3,218
643
643
75
3,888
666
3,222
645
645
75
3,892
666
3,226
647
647
75
3,895
665
3,230
649
649
75
3,899
665
3,234
651
651
75
3,903
665
3,238
653
653
75
3,907
665
3,242
655
655
75
3,910
664
3,246
657
657
75
3,914
664
3,250
659
659
75
3,918
664
3,254
661
661
75
3,922
664
3,258
662
662
75
3,926
663
3,263
664
664
75
3,930
663
3,267
666
666
75
3,934
663
3,271
668
668
75
3,937
662
3,275
670
670
75
3,941
662
3,279
672
672
75
3,945
662
3,283
674
674
75
3,949
662
3,288
676
676
75
3,953
661
3,292
678
678
75
3,957
661
3,296
680
680
75
3,961
661
3,300
682
682
75
3,965
660
3,304
684
684
75
3,969
660
3,309
686
686
75
3,973
660
3,313
688
688
75
3,977
660
3,317
690
690
75
3,981
659
3,322
692
692
75
3,985
659
3,326
694
694
75
3,989
659
3,330
696
696
75
3,993
658
3,335
698
698
75
3,997
658
3,339
700
700
75
4,001
658
3,343
702
702
75
4,005
658
3,348
704
704
75
4,009
657
3,352
706
706
75
4,013
657
3,356
708
708
75
4,018
657
3,361
710
710
75
4,022
656
3,365
712
712
75
4,026
656
3,370

Total
Wasted Money
$2,168
2,170
2,171
2,172
2,173
2,174
2,175
2,177
2,178
2,179
2,180
2,181
2,183
2,184
2,185
2,186
2,188
2,189
2,190
2,191
2,192
2,194
2,195
2,196
2,197
2,199
2,200
2,201
2,202
2,204
2,205
2,206
2,208
2,209
2,210
2,211
2,213
2,214
2,215
2,217
2,218
2,219
2,221
2,222
2,223
2,224
2,226
2,227
2,229
2,230
2,231
2,233
2,234
2,235
2,237
2,238
2,239
2,241
2,242
2,243

Current
Increase in
Rent Monthly PMT
$3,000
$129
3,009
124
3,018
119
3,026
114
3,035
109
3,044
104
3,053
98
3,062
93
3,071
88
3,080
83
3,089
78
3,098
73
3,107
68
3,116
63
3,125
57
3,134
52
3,143
47
3,152
42
3,161
36
3,171
31
3,180
26
3,189
21
3,199
15
3,208
10
3,217
5
3,227
(1)
3,236
(6)
3,245
(12)
3,255
(17)
3,264
(22)
3,274
(28)
3,283
(33)
3,293
(39)
3,303
(44)
3,312
(50)
3,322
(55)
3,332
(61)
3,341
(66)
3,351
(72)
3,361
(78)
3,371
(83)
3,380
(89)
3,390
(94)
3,400
(100)
3,410
(106)
3,420
(111)
3,430
(117)
3,440
(123)
3,450
(129)
3,460
(134)
3,470
(140)
3,480
(146)
3,491
(152)
3,501
(157)
3,511
(163)
3,521
(169)
3,531
(175)
3,542
(181)
3,552
(187)
3,562
(193)

Buy or Rent Analysis for NYC Co-op

Assumptions
($)
Upfront Costs
Price
Downpayment
Ongoing Costs
Monthly Maintenance
Monthly Taxes
Homeowners Insurance
Loan Information
Mortgage
Interest Rate
Term (Years)
Term (Months)
Monthly Payment
Rent Information
Current Rent
Maximum Rent
Annual Rent Increase
Monthly Rent Increase
Other
Tax Bracket
Sponsor Unit

$750,000
$187,500

$600
$600
$75

$562,500
3.50%
30
360
$2,526

$3,000
$5,000
3.50%
0.29%

30%
No

(%)

25%

0.08%
0.08%

61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120

Date
05/01/19
06/01/19
07/01/19
08/01/19
09/01/19
10/01/19
11/01/19
12/01/19
01/01/20
02/01/20
03/01/20
04/01/20
05/01/20
06/01/20
07/01/20
08/01/20
09/01/20
10/01/20
11/01/20
12/01/20
01/01/21
02/01/21
03/01/21
04/01/21
05/01/21
06/01/21
07/01/21
08/01/21
09/01/21
10/01/21
11/01/21
12/01/21
01/01/22
02/01/22
03/01/22
04/01/22
05/01/22
06/01/22
07/01/22
08/01/22
09/01/22
10/01/22
11/01/22
12/01/22
01/01/23
02/01/23
03/01/23
04/01/23
05/01/23
06/01/23
07/01/23
08/01/23
09/01/23
10/01/23
11/01/23
12/01/23
01/01/24
02/01/24
03/01/24
04/01/24

Mortgage
504,546
503,492
502,434
501,374
500,310
499,244
498,174
497,101
496,025
494,946
493,864
492,778
491,690
490,598
489,503
488,405
487,303
486,199
485,091
483,980
482,866
481,748
480,627
479,503
478,376
477,245
476,112
474,974
473,834
472,690
471,543
470,392
469,238
468,081
466,920
465,756
464,589
463,418
462,244
461,066
459,885
458,701
457,513
456,321
455,126
453,928
452,726
451,520
450,311
449,099
447,883
446,663
445,440
444,214
442,983
441,750
440,512
439,271
438,026
436,778

Prin.
1,054
1,057
1,060
1,064
1,067
1,070
1,073
1,076
1,079
1,082
1,085
1,089
1,092
1,095
1,098
1,101
1,105
1,108
1,111
1,114
1,118
1,121
1,124
1,127
1,131
1,134
1,137
1,141
1,144
1,147
1,151
1,154
1,157
1,161
1,164
1,167
1,171
1,174
1,178
1,181
1,185
1,188
1,191
1,195
1,198
1,202
1,205
1,209
1,212
1,216
1,220
1,223
1,227
1,230
1,234
1,237
1,241
1,245
1,248
1,252

Int.
1,472
1,469
1,465
1,462
1,459
1,456
1,453
1,450
1,447
1,444
1,440
1,437
1,434
1,431
1,428
1,425
1,421
1,418
1,415
1,412
1,408
1,405
1,402
1,399
1,395
1,392
1,389
1,385
1,382
1,379
1,375
1,372
1,369
1,365
1,362
1,358
1,355
1,352
1,348
1,345
1,341
1,338
1,334
1,331
1,327
1,324
1,320
1,317
1,313
1,310
1,306
1,303
1,299
1,296
1,292
1,288
1,285
1,281
1,278
1,274

Wasted Money
Tax
Net
Maintenance Taxes Insurance Total PMT Benefit Monthly Cost
715
715
75
4,030
656
3,374
717
717
75
4,034
656
3,379
719
719
75
4,038
655
3,383
721
721
75
4,043
655
3,388
723
723
75
4,047
655
3,392
725
725
75
4,051
654
3,397
727
727
75
4,055
654
3,401
729
729
75
4,059
654
3,406
731
731
75
4,064
653
3,410
734
734
75
4,068
653
3,415
736
736
75
4,072
653
3,419
738
738
75
4,077
653
3,424
740
740
75
4,081
652
3,429
742
742
75
4,085
652
3,433
744
744
75
4,089
652
3,438
746
746
75
4,094
651
3,443
749
749
75
4,098
651
3,447
751
751
75
4,103
651
3,452
753
753
75
4,107
650
3,457
755
755
75
4,111
650
3,461
757
757
75
4,116
650
3,466
760
760
75
4,120
649
3,471
762
762
75
4,125
649
3,475
764
764
75
4,129
649
3,480
766
766
75
4,133
648
3,485
769
769
75
4,138
648
3,490
771
771
75
4,142
648
3,495
773
773
75
4,147
648
3,499
775
775
75
4,151
647
3,504
778
778
75
4,156
647
3,509
780
780
75
4,160
647
3,514
782
782
75
4,165
646
3,519
784
784
75
4,170
646
3,524
787
787
75
4,174
646
3,529
789
789
75
4,179
645
3,534
791
791
75
4,183
645
3,538
794
794
75
4,188
645
3,543
796
796
75
4,193
644
3,548
798
798
75
4,197
644
3,553
801
801
75
4,202
644
3,558
803
803
75
4,207
643
3,563
805
805
75
4,211
643
3,568
808
808
75
4,216
643
3,573
810
810
75
4,221
642
3,578
812
812
75
4,225
642
3,583
815
815
75
4,230
642
3,589
817
817
75
4,235
641
3,594
819
819
75
4,240
641
3,599
822
822
75
4,244
641
3,604
824
824
75
4,249
640
3,609
827
827
75
4,254
640
3,614
829
829
75
4,259
640
3,619
831
831
75
4,264
639
3,625
834
834
75
4,269
639
3,630
836
836
75
4,273
638
3,635
839
839
75
4,278
638
3,640
841
841
75
4,283
638
3,645
844
844
75
4,288
637
3,651
846
846
75
4,293
637
3,656
849
849
75
4,298
637
3,661

Total
Wasted Money
2,245
2,246
2,248
2,249
2,250
2,252
2,253
2,255
2,256
2,258
2,259
2,260
2,262
2,263
2,265
2,266
2,268
2,269
2,271
2,272
2,273
2,275
2,276
2,278
2,279
2,281
2,282
2,284
2,285
2,287
2,288
2,290
2,291
2,293
2,295
2,296
2,298
2,299
2,301
2,302
2,304
2,305
2,307
2,308
2,310
2,312
2,313
2,315
2,316
2,318
2,320
2,321
2,323
2,324
2,326
2,328
2,329
2,331
2,333
2,334

Current
Increase in
Rent Monthly PMT
3,573
(199)
3,583
(205)
3,594
(211)
3,604
(217)
3,615
(223)
3,625
(229)
3,636
(235)
3,646
(241)
3,657
(247)
3,668
(253)
3,678
(259)
3,689
(265)
3,700
(271)
3,711
(277)
3,722
(284)
3,732
(290)
3,743
(296)
3,754
(302)
3,765
(309)
3,776
(315)
3,787
(321)
3,798
(327)
3,809
(334)
3,820
(340)
3,831
(346)
3,843
(353)
3,854
(359)
3,865
(366)
3,876
(372)
3,888
(379)
3,899
(385)
3,910
(392)
3,922
(398)
3,933
(405)
3,945
(411)
3,956
(418)
3,968
(424)
3,979
(431)
3,991
(438)
4,003
(444)
4,014
(451)
4,026
(458)
4,038
(464)
4,049
(471)
4,061
(478)
4,073
(485)
4,085
(491)
4,097
(498)
4,109
(505)
4,121
(512)
4,133
(519)
4,145
(526)
4,157
(533)
4,169
(539)
4,181
(546)
4,194
(553)
4,206
(560)
4,218
(567)
4,230
(574)
4,243
(581)

Buy or Rent Analysis for NYC Co-op

Assumptions
($)
Upfront Costs
Price
Downpayment
Ongoing Costs
Monthly Maintenance
Monthly Taxes
Homeowners Insurance
Loan Information
Mortgage
Interest Rate
Term (Years)
Term (Months)
Monthly Payment
Rent Information
Current Rent
Maximum Rent
Annual Rent Increase
Monthly Rent Increase
Other
Tax Bracket
Sponsor Unit

$750,000
$187,500

$600
$600
$75

$562,500
3.50%
30
360
$2,526

$3,000
$5,000
3.50%
0.29%

30%
No

(%)

25%

0.08%
0.08%

121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180

Date
05/01/24
06/01/24
07/01/24
08/01/24
09/01/24
10/01/24
11/01/24
12/01/24
01/01/25
02/01/25
03/01/25
04/01/25
05/01/25
06/01/25
07/01/25
08/01/25
09/01/25
10/01/25
11/01/25
12/01/25
01/01/26
02/01/26
03/01/26
04/01/26
05/01/26
06/01/26
07/01/26
08/01/26
09/01/26
10/01/26
11/01/26
12/01/26
01/01/27
02/01/27
03/01/27
04/01/27
05/01/27
06/01/27
07/01/27
08/01/27
09/01/27
10/01/27
11/01/27
12/01/27
01/01/28
02/01/28
03/01/28
04/01/28
05/01/28
06/01/28
07/01/28
08/01/28
09/01/28
10/01/28
11/01/28
12/01/28
01/01/29
02/01/29
03/01/29
04/01/29

Mortgage
435,526
434,271
433,011
431,748
430,482
429,211
427,937
426,660
425,378
424,093
422,804
421,511
420,215
418,915
417,611
416,303
414,991
413,676
412,356
411,033
409,706
408,375
407,041
405,702
404,359
403,013
401,662
400,308
398,950
397,587
396,221
394,851
393,477
392,098
390,716
389,330
387,940
386,545
385,147
383,744
382,338
380,927
379,512
378,093
376,670
375,243
373,811
372,376
370,936
369,492
368,044
366,591
365,135
363,674
362,209
360,739
359,265
357,787
356,305
354,818

Prin.
1,256
1,259
1,263
1,267
1,270
1,274
1,278
1,281
1,285
1,289
1,293
1,296
1,300
1,304
1,308
1,312
1,315
1,319
1,323
1,327
1,331
1,335
1,339
1,343
1,346
1,350
1,354
1,358
1,362
1,366
1,370
1,374
1,378
1,382
1,386
1,390
1,394
1,398
1,403
1,407
1,411
1,415
1,419
1,423
1,427
1,431
1,436
1,440
1,444
1,448
1,452
1,457
1,461
1,465
1,469
1,474
1,478
1,482
1,487
1,491

Int.
1,270
1,267
1,263
1,259
1,256
1,252
1,248
1,244
1,241
1,237
1,233
1,229
1,226
1,222
1,218
1,214
1,210
1,207
1,203
1,199
1,195
1,191
1,187
1,183
1,179
1,175
1,172
1,168
1,164
1,160
1,156
1,152
1,148
1,144
1,140
1,136
1,131
1,127
1,123
1,119
1,115
1,111
1,107
1,103
1,099
1,094
1,090
1,086
1,082
1,078
1,073
1,069
1,065
1,061
1,056
1,052
1,048
1,044
1,039
1,035

Wasted Money
Tax
Net
Maintenance Taxes Insurance Total PMT Benefit Monthly Cost
851
851
75
4,303
636
3,667
853
853
75
4,308
636
3,672
856
856
75
4,313
636
3,677
858
858
75
4,318
635
3,683
861
861
75
4,323
635
3,688
863
863
75
4,328
635
3,693
866
866
75
4,333
634
3,699
869
869
75
4,338
634
3,704
871
871
75
4,343
634
3,709
874
874
75
4,348
633
3,715
876
876
75
4,353
633
3,720
879
879
75
4,358
632
3,726
881
881
75
4,363
632
3,731
884
884
75
4,369
632
3,737
886
886
75
4,374
631
3,742
889
889
75
4,379
631
3,748
892
892
75
4,384
631
3,753
894
894
75
4,389
630
3,759
897
897
75
4,394
630
3,765
899
899
75
4,400
629
3,770
902
902
75
4,405
629
3,776
905
905
75
4,410
629
3,782
907
907
75
4,416
628
3,787
910
910
75
4,421
628
3,793
913
913
75
4,426
628
3,799
915
915
75
4,431
627
3,804
918
918
75
4,437
627
3,810
921
921
75
4,442
626
3,816
923
923
75
4,448
626
3,821
926
926
75
4,453
626
3,827
929
929
75
4,458
625
3,833
931
931
75
4,464
625
3,839
934
934
75
4,469
625
3,845
937
937
75
4,475
624
3,850
940
940
75
4,480
624
3,856
942
942
75
4,486
623
3,862
945
945
75
4,491
623
3,868
948
948
75
4,497
623
3,874
951
951
75
4,502
622
3,880
953
953
75
4,508
622
3,886
956
956
75
4,513
621
3,892
959
959
75
4,519
621
3,898
962
962
75
4,524
621
3,904
965
965
75
4,530
620
3,910
967
967
75
4,536
620
3,916
970
970
75
4,541
619
3,922
973
973
75
4,547
619
3,928
976
976
75
4,553
619
3,934
979
979
75
4,558
618
3,940
982
982
75
4,564
618
3,946
984
984
75
4,570
617
3,952
987
987
75
4,575
617
3,958
990
990
75
4,581
617
3,965
993
993
75
4,587
616
3,971
996
996
75
4,593
616
3,977
999
999
75
4,599
615
3,983
1,002 1,002
75
4,604
615
3,990
1,005 1,005
75
4,610
614
3,996
1,008 1,008
75
4,616
614
4,002
1,011 1,011
75
4,622
614
4,008

Total
Wasted Money
2,336
2,338
2,339
2,341
2,343
2,344
2,346
2,348
2,349
2,351
2,353
2,354
2,356
2,358
2,360
2,361
2,363
2,365
2,366
2,368
2,370
2,372
2,373
2,375
2,377
2,379
2,381
2,382
2,384
2,386
2,388
2,390
2,391
2,393
2,395
2,397
2,399
2,401
2,402
2,404
2,406
2,408
2,410
2,412
2,414
2,415
2,417
2,419
2,421
2,423
2,425
2,427
2,429
2,431
2,433
2,435
2,436
2,438
2,440
2,442

Current
Increase in
Rent Monthly PMT
4,255
(589)
4,267
(596)
4,280
(603)
4,292
(610)
4,305
(617)
4,317
(624)
4,330
(631)
4,343
(639)
4,355
(646)
4,368
(653)
4,381
(660)
4,394
(668)
4,406
(675)
4,419
(682)
4,432
(690)
4,445
(697)
4,458
(705)
4,471
(712)
4,484
(719)
4,497
(727)
4,510
(734)
4,523
(742)
4,537
(749)
4,550
(757)
4,563
(765)
4,576
(772)
4,590
(780)
4,603
(787)
4,617
(795)
4,630
(803)
4,644
(811)
4,657
(818)
4,671
(826)
4,684
(834)
4,698
(842)
4,712
(849)
4,725
(857)
4,739
(865)
4,753
(873)
4,767
(881)
4,781
(889)
4,795
(897)
4,809
(905)
4,823
(913)
4,837
(921)
4,851
(929)
4,865
(937)
4,879
(945)
4,893
(953)
4,908
(962)
4,922
(970)
4,936
(978)
4,951
(986)
4,965
(994)
4,980
(1,003)
4,994
(1,011)
5,000
(1,010)
5,000
(1,004)
5,000
(998)
5,000
(992)

Buy or Rent Analysis for NYC Co-op

Assumptions
($)
Upfront Costs
Price
Downpayment
Ongoing Costs
Monthly Maintenance
Monthly Taxes
Homeowners Insurance
Loan Information
Mortgage
Interest Rate
Term (Years)
Term (Months)
Monthly Payment
Rent Information
Current Rent
Maximum Rent
Annual Rent Increase
Monthly Rent Increase
Other
Tax Bracket
Sponsor Unit

$750,000
$187,500

$600
$600
$75

$562,500
3.50%
30
360
$2,526

$3,000
$5,000
3.50%
0.29%

30%
No

(%)

25%

0.08%
0.08%

181
182
183
184
185
186
187
188
189
190
191
192
193
194
195
196
197
198
199
200
201
202
203
204
205
206
207
208
209
210
211
212
213
214
215
216
217
218
219
220
221
222
223
224
225
226
227
228
229
230
231
232
233
234
235
236
237
238
239
240

Date
05/01/29
06/01/29
07/01/29
08/01/29
09/01/29
10/01/29
11/01/29
12/01/29
01/01/30
02/01/30
03/01/30
04/01/30
05/01/30
06/01/30
07/01/30
08/01/30
09/01/30
10/01/30
11/01/30
12/01/30
01/01/31
02/01/31
03/01/31
04/01/31
05/01/31
06/01/31
07/01/31
08/01/31
09/01/31
10/01/31
11/01/31
12/01/31
01/01/32
02/01/32
03/01/32
04/01/32
05/01/32
06/01/32
07/01/32
08/01/32
09/01/32
10/01/32
11/01/32
12/01/32
01/01/33
02/01/33
03/01/33
04/01/33
05/01/33
06/01/33
07/01/33
08/01/33
09/01/33
10/01/33
11/01/33
12/01/33
01/01/34
02/01/34
03/01/34
04/01/34

Mortgage
353,327
351,832
350,332
348,828
347,320
345,807
344,290
342,768
341,242
339,711
338,176
336,637
335,093
333,544
331,991
330,434
328,871
327,305
325,734
324,158
322,577
320,992
319,403
317,808
316,209
314,606
312,998
311,385
309,767
308,145
306,517
304,886
303,249
301,608
299,961
298,310
296,655
294,994
293,328
291,658
289,983
288,303
286,618
284,928
283,233
281,533
279,829
278,119
276,404
274,684
272,960
271,230
269,495
267,755
266,010
264,260
262,505
260,745
258,980
257,209

Prin.
1,495
1,500
1,504
1,508
1,513
1,517
1,522
1,526
1,531
1,535
1,540
1,544
1,549
1,553
1,558
1,562
1,567
1,571
1,576
1,580
1,585
1,590
1,594
1,599
1,604
1,608
1,613
1,618
1,622
1,627
1,632
1,637
1,641
1,646
1,651
1,656
1,661
1,665
1,670
1,675
1,680
1,685
1,690
1,695
1,700
1,705
1,710
1,715
1,720
1,725
1,730
1,735
1,740
1,745
1,750
1,755
1,760
1,765
1,771
1,776

Int.
1,031
1,026
1,022
1,017
1,013
1,009
1,004
1,000
995
991
986
982
977
973
968
964
959
955
950
945
941
936
932
927
922
918
913
908
903
899
894
889
884
880
875
870
865
860
856
851
846
841
836
831
826
821
816
811
806
801
796
791
786
781
776
771
766
761
755
750

Wasted Money
Tax
Net
Maintenance Taxes Insurance Total PMT Benefit Monthly Cost
1,014 1,014
75
4,628
613
4,015
1,016 1,016
75
4,634
613
4,021
1,019 1,019
75
4,640
612
4,027
1,022 1,022
75
4,646
612
4,034
1,025 1,025
75
4,652
612
4,040
1,028 1,028
75
4,658
611
4,047
1,031 1,031
75
4,664
611
4,053
1,034 1,034
75
4,670
610
4,059
1,037 1,037
75
4,676
610
4,066
1,040 1,040
75
4,682
609
4,072
1,043 1,043
75
4,688
609
4,079
1,046 1,046
75
4,694
609
4,085
1,050 1,050
75
4,700
608
4,092
1,053 1,053
75
4,706
608
4,098
1,056 1,056
75
4,712
607
4,105
1,059 1,059
75
4,718
607
4,112
1,062 1,062
75
4,725
606
4,118
1,065 1,065
75
4,731
606
4,125
1,068 1,068
75
4,737
605
4,132
1,071 1,071
75
4,743
605
4,138
1,074 1,074
75
4,749
605
4,145
1,077 1,077
75
4,756
604
4,152
1,081 1,081
75
4,762
604
4,158
1,084 1,084
75
4,768
603
4,165
1,087 1,087
75
4,775
603
4,172
1,090 1,090
75
4,781
602
4,179
1,093 1,093
75
4,787
602
4,185
1,096 1,096
75
4,794
601
4,192
1,100 1,100
75
4,800
601
4,199
1,103 1,103
75
4,807
600
4,206
1,106 1,106
75
4,813
600
4,213
1,109 1,109
75
4,819
600
4,220
1,112 1,112
75
4,826
599
4,227
1,116 1,116
75
4,832
599
4,234
1,119 1,119
75
4,839
598
4,241
1,122 1,122
75
4,845
598
4,248
1,126 1,126
75
4,852
597
4,255
1,129 1,129
75
4,859
597
4,262
1,132 1,132
75
4,865
596
4,269
1,135 1,135
75
4,872
596
4,276
1,139 1,139
75
4,878
595
4,283
1,142 1,142
75
4,885
595
4,290
1,145 1,145
75
4,892
594
4,297
1,149 1,149
75
4,898
594
4,304
1,152 1,152
75
4,905
593
4,312
1,155 1,155
75
4,912
593
4,319
1,159 1,159
75
4,918
592
4,326
1,162 1,162
75
4,925
592
4,333
1,166 1,166
75
4,932
592
4,340
1,169 1,169
75
4,939
591
4,348
1,172 1,172
75
4,946
591
4,355
1,176 1,176
75
4,952
590
4,362
1,179 1,179
75
4,959
590
4,370
1,183 1,183
75
4,966
589
4,377
1,186 1,186
75
4,973
589
4,385
1,190 1,190
75
4,980
588
4,392
1,193 1,193
75
4,987
588
4,399
1,197 1,197
75
4,994
587
4,407
1,200 1,200
75
5,001
587
4,414
1,204 1,204
75
5,008
586
4,422

Total
Wasted Money
2,444
2,446
2,448
2,450
2,452
2,454
2,456
2,458
2,460
2,462
2,464
2,466
2,468
2,470
2,472
2,475
2,477
2,479
2,481
2,483
2,485
2,487
2,489
2,491
2,493
2,495
2,498
2,500
2,502
2,504
2,506
2,508
2,510
2,513
2,515
2,517
2,519
2,521
2,523
2,526
2,528
2,530
2,532
2,535
2,537
2,539
2,541
2,544
2,546
2,548
2,550
2,553
2,555
2,557
2,559
2,562
2,564
2,566
2,569
2,571

Current
Increase in
Rent Monthly PMT
5,000
(985)
5,000
(979)
5,000
(973)
5,000
(966)
5,000
(960)
5,000
(953)
5,000
(947)
5,000
(941)
5,000
(934)
5,000
(928)
5,000
(921)
5,000
(915)
5,000
(908)
5,000
(902)
5,000
(895)
5,000
(888)
5,000
(882)
5,000
(875)
5,000
(868)
5,000
(862)
5,000
(855)
5,000
(848)
5,000
(842)
5,000
(835)
5,000
(828)
5,000
(821)
5,000
(815)
5,000
(808)
5,000
(801)
5,000
(794)
5,000
(787)
5,000
(780)
5,000
(773)
5,000
(766)
5,000
(759)
5,000
(752)
5,000
(745)
5,000
(738)
5,000
(731)
5,000
(724)
5,000
(717)
5,000
(710)
5,000
(703)
5,000
(696)
5,000
(688)
5,000
(681)
5,000
(674)
5,000
(667)
5,000
(660)
5,000
(652)
5,000
(645)
5,000
(638)
5,000
(630)
5,000
(623)
5,000
(615)
5,000
(608)
5,000
(601)
5,000
(593)
5,000
(586)
5,000
(578)

Buy or Rent Analysis for NYC Co-op

Assumptions
($)
Upfront Costs
Price
Downpayment
Ongoing Costs
Monthly Maintenance
Monthly Taxes
Homeowners Insurance
Loan Information
Mortgage
Interest Rate
Term (Years)
Term (Months)
Monthly Payment
Rent Information
Current Rent
Maximum Rent
Annual Rent Increase
Monthly Rent Increase
Other
Tax Bracket
Sponsor Unit

$750,000
$187,500

$600
$600
$75

$562,500
3.50%
30
360
$2,526

$3,000
$5,000
3.50%
0.29%

30%
No

(%)

25%

0.08%
0.08%

241
242
243
244
245
246
247
248
249
250
251
252
253
254
255
256
257
258
259
260
261
262
263
264
265
266
267
268
269
270
271
272
273
274
275
276
277
278
279
280
281
282
283
284
285
286
287
288
289
290
291
292
293
294
295
296
297
298
299
300

Date
05/01/34
06/01/34
07/01/34
08/01/34
09/01/34
10/01/34
11/01/34
12/01/34
01/01/35
02/01/35
03/01/35
04/01/35
05/01/35
06/01/35
07/01/35
08/01/35
09/01/35
10/01/35
11/01/35
12/01/35
01/01/36
02/01/36
03/01/36
04/01/36
05/01/36
06/01/36
07/01/36
08/01/36
09/01/36
10/01/36
11/01/36
12/01/36
01/01/37
02/01/37
03/01/37
04/01/37
05/01/37
06/01/37
07/01/37
08/01/37
09/01/37
10/01/37
11/01/37
12/01/37
01/01/38
02/01/38
03/01/38
04/01/38
05/01/38
06/01/38
07/01/38
08/01/38
09/01/38
10/01/38
11/01/38
12/01/38
01/01/39
02/01/39
03/01/39
04/01/39

Mortgage
255,434
253,653
251,867
250,075
248,279
246,477
244,670
242,858
241,040
239,217
237,389
235,556
233,717
231,873
230,023
228,168
226,308
224,442
222,571
220,694
218,812
216,924
215,031
213,132
211,228
209,318
207,403
205,482
203,555
201,623
199,685
197,742
195,793
193,838
191,878
189,911
187,939
185,962
183,978
181,989
179,994
177,993
175,986
173,974
171,955
169,931
167,901
165,864
163,822
161,774
159,720
157,660
155,594
153,522
151,444
149,360
147,270
145,173
143,071
140,962

Prin.
1,781
1,786
1,791
1,796
1,802
1,807
1,812
1,818
1,823
1,828
1,833
1,839
1,844
1,850
1,855
1,860
1,866
1,871
1,877
1,882
1,888
1,893
1,899
1,904
1,910
1,915
1,921
1,927
1,932
1,938
1,943
1,949
1,955
1,961
1,966
1,972
1,978
1,983
1,989
1,995
2,001
2,007
2,013
2,018
2,024
2,030
2,036
2,042
2,048
2,054
2,060
2,066
2,072
2,078
2,084
2,090
2,096
2,102
2,109
2,115

Int.
745
740
735
729
724
719
714
708
703
698
692
687
682
676
671
665
660
655
649
644
638
633
627
622
616
611
605
599
594
588
582
577
571
565
560
554
548
542
537
531
525
519
513
507
502
496
490
484
478
472
466
460
454
448
442
436
430
423
417
411

Wasted Money
Tax
Net
Maintenance Taxes Insurance Total PMT Benefit Monthly Cost
1,207 1,207
75
5,015
586
4,429
1,211 1,211
75
5,022
585
4,437
1,214 1,214
75
5,029
585
4,444
1,218 1,218
75
5,036
584
4,452
1,221 1,221
75
5,043
584
4,460
1,225 1,225
75
5,050
583
4,467
1,228 1,228
75
5,057
583
4,475
1,232 1,232
75
5,065
582
4,483
1,235 1,235
75
5,072
582
4,490
1,239 1,239
75
5,079
581
4,498
1,243 1,243
75
5,086
581
4,506
1,246 1,246
75
5,094
580
4,514
1,250 1,250
75
5,101
579
4,521
1,254 1,254
75
5,108
579
4,529
1,257 1,257
75
5,115
578
4,537
1,261 1,261
75
5,123
578
4,545
1,265 1,265
75
5,130
577
4,553
1,268 1,268
75
5,137
577
4,561
1,272 1,272
75
5,145
576
4,569
1,276 1,276
75
5,152
576
4,576
1,279 1,279
75
5,160
575
4,584
1,283 1,283
75
5,167
575
4,592
1,287 1,287
75
5,175
574
4,600
1,291 1,291
75
5,182
574
4,608
1,294 1,294
75
5,190
573
4,617
1,298 1,298
75
5,197
573
4,625
1,302 1,302
75
5,205
572
4,633
1,306 1,306
75
5,212
572
4,641
1,310 1,310
75
5,220
571
4,649
1,313 1,313
75
5,228
570
4,657
1,317 1,317
75
5,235
570
4,665
1,321 1,321
75
5,243
569
4,674
1,325 1,325
75
5,251
569
4,682
1,329 1,329
75
5,258
568
4,690
1,333 1,333
75
5,266
568
4,699
1,337 1,337
75
5,274
567
4,707
1,340 1,340
75
5,282
567
4,715
1,344 1,344
75
5,290
566
4,724
1,348 1,348
75
5,297
565
4,732
1,352 1,352
75
5,305
565
4,740
1,356 1,356
75
5,313
564
4,749
1,360 1,360
75
5,321
564
4,757
1,364 1,364
75
5,329
563
4,766
1,368 1,368
75
5,337
563
4,774
1,372 1,372
75
5,345
562
4,783
1,376 1,376
75
5,353
562
4,791
1,380 1,380
75
5,361
561
4,800
1,384 1,384
75
5,369
560
4,809
1,388 1,388
75
5,377
560
4,817
1,392 1,392
75
5,385
559
4,826
1,396 1,396
75
5,393
559
4,835
1,400 1,400
75
5,401
558
4,843
1,404 1,404
75
5,410
557
4,852
1,408 1,408
75
5,418
557
4,861
1,413 1,413
75
5,426
556
4,870
1,417 1,417
75
5,434
556
4,879
1,421 1,421
75
5,443
555
4,887
1,425 1,425
75
5,451
555
4,896
1,429 1,429
75
5,459
554
4,905
1,433 1,433
75
5,468
553
4,914

Total
Wasted Money
2,573
2,576
2,578
2,581
2,583
2,585
2,588
2,590
2,592
2,595
2,597
2,600
2,602
2,605
2,607
2,609
2,612
2,614
2,617
2,619
2,622
2,624
2,627
2,629
2,632
2,634
2,637
2,639
2,642
2,644
2,647
2,650
2,652
2,655
2,657
2,660
2,662
2,665
2,668
2,670
2,673
2,676
2,678
2,681
2,684
2,686
2,689
2,692
2,694
2,697
2,700
2,702
2,705
2,708
2,711
2,713
2,716
2,719
2,722
2,724

Current
Increase in
Rent Monthly PMT
5,000
(571)
5,000
(563)
5,000
(556)
5,000
(548)
5,000
(540)
5,000
(533)
5,000
(525)
5,000
(517)
5,000
(510)
5,000
(502)
5,000
(494)
5,000
(486)
5,000
(479)
5,000
(471)
5,000
(463)
5,000
(455)
5,000
(447)
5,000
(439)
5,000
(431)
5,000
(424)
5,000
(416)
5,000
(408)
5,000
(400)
5,000
(392)
5,000
(383)
5,000
(375)
5,000
(367)
5,000
(359)
5,000
(351)
5,000
(343)
5,000
(335)
5,000
(326)
5,000
(318)
5,000
(310)
5,000
(301)
5,000
(293)
5,000
(285)
5,000
(276)
5,000
(268)
5,000
(260)
5,000
(251)
5,000
(243)
5,000
(234)
5,000
(226)
5,000
(217)
5,000
(209)
5,000
(200)
5,000
(191)
5,000
(183)
5,000
(174)
5,000
(165)
5,000
(157)
5,000
(148)
5,000
(139)
5,000
(130)
5,000
(121)
5,000
(113)
5,000
(104)
5,000
(95)
5,000
(86)

Buy or Rent Analysis for NYC Co-op

Assumptions
($)
Upfront Costs
Price
Downpayment
Ongoing Costs
Monthly Maintenance
Monthly Taxes
Homeowners Insurance
Loan Information
Mortgage
Interest Rate
Term (Years)
Term (Months)
Monthly Payment
Rent Information
Current Rent
Maximum Rent
Annual Rent Increase
Monthly Rent Increase
Other
Tax Bracket
Sponsor Unit

$750,000
$187,500

$600
$600
$75

$562,500
3.50%
30
360
$2,526

$3,000
$5,000
3.50%
0.29%

30%
No

(%)

25%

0.08%
0.08%

301
302
303
304
305
306
307
308
309
310
311
312
313
314
315
316
317
318
319
320
321
322
323
324
325
326
327
328
329
330
331
332
333
334
335
336
337
338
339
340
341
342
343
344
345
346
347
348
349
350
351
352
353
354
355
356
357
358
359
360

Date
05/01/39
06/01/39
07/01/39
08/01/39
09/01/39
10/01/39
11/01/39
12/01/39
01/01/40
02/01/40
03/01/40
04/01/40
05/01/40
06/01/40
07/01/40
08/01/40
09/01/40
10/01/40
11/01/40
12/01/40
01/01/41
02/01/41
03/01/41
04/01/41
05/01/41
06/01/41
07/01/41
08/01/41
09/01/41
10/01/41
11/01/41
12/01/41
01/01/42
02/01/42
03/01/42
04/01/42
05/01/42
06/01/42
07/01/42
08/01/42
09/01/42
10/01/42
11/01/42
12/01/42
01/01/43
02/01/43
03/01/43
04/01/43
05/01/43
06/01/43
07/01/43
08/01/43
09/01/43
10/01/43
11/01/43
12/01/43
01/01/44
02/01/44
03/01/44
04/01/44

Mortgage
138,847
136,726
134,599
132,466
130,327
128,181
126,029
123,871
121,706
119,535
117,358
115,174
112,984
110,788
108,585
106,376
104,160
101,938
99,710
97,475
95,233
92,985
90,730
88,469
86,201
83,927
81,646
79,358
77,064
74,762
72,455
70,140
67,819
65,491
63,156
60,814
58,466
56,110
53,748
51,379
49,003
46,620
44,230
41,833
39,429
37,019
34,601
32,176
29,744
27,304
24,858
22,405
19,944
17,477
15,002
12,520
10,030
7,534
5,030
2,519

Prin.
2,121
2,127
2,133
2,140
2,146
2,152
2,158
2,165
2,171
2,177
2,184
2,190
2,196
2,203
2,209
2,216
2,222
2,229
2,235
2,242
2,248
2,255
2,261
2,268
2,274
2,281
2,288
2,294
2,301
2,308
2,315
2,321
2,328
2,335
2,342
2,349
2,355
2,362
2,369
2,376
2,383
2,390
2,397
2,404
2,411
2,418
2,425
2,432
2,439
2,446
2,453
2,461
2,468
2,475
2,482
2,489
2,497
2,504
2,511
2,519

Int.
405
399
393
386
380
374
368
361
355
349
342
336
330
323
317
310
304
297
291
284
278
271
265
258
251
245
238
231
225
218
211
205
198
191
184
177
171
164
157
150
143
136
129
122
115
108
101
94
87
80
73
65
58
51
44
37
29
22
15
7

Wasted Money
Tax
Net
Maintenance Taxes Insurance Total PMT Benefit Monthly Cost
1,437 1,437
75
5,476
553
4,923
1,442 1,442
75
5,484
552
4,932
1,446 1,446
75
5,493
552
4,941
1,450 1,450
75
5,501
551
4,950
1,454 1,454
75
5,510
550
4,959
1,459 1,459
75
5,518
550
4,968
1,463 1,463
75
5,527
549
4,977
1,467 1,467
75
5,535
549
4,987
1,471 1,471
75
5,544
548
4,996
1,476 1,476
75
5,552
547
5,005
1,480 1,480
75
5,561
547
5,014
1,484 1,484
75
5,569
546
5,023
1,489 1,489
75
5,578
545
5,033
1,493 1,493
75
5,587
545
5,042
1,497 1,497
75
5,596
544
5,051
1,502 1,502
75
5,604
544
5,061
1,506 1,506
75
5,613
543
5,070
1,510 1,510
75
5,622
542
5,079
1,515 1,515
75
5,631
542
5,089
1,519 1,519
75
5,639
541
5,098
1,524 1,524
75
5,648
540
5,108
1,528 1,528
75
5,657
540
5,117
1,533 1,533
75
5,666
539
5,127
1,537 1,537
75
5,675
539
5,137
1,542 1,542
75
5,684
538
5,146
1,546 1,546
75
5,693
537
5,156
1,551 1,551
75
5,702
537
5,165
1,555 1,555
75
5,711
536
5,175
1,560 1,560
75
5,720
535
5,185
1,564 1,564
75
5,729
535
5,195
1,569 1,569
75
5,738
534
5,204
1,573 1,573
75
5,748
533
5,214
1,578 1,578
75
5,757
533
5,224
1,583 1,583
75
5,766
532
5,234
1,587 1,587
75
5,775
531
5,244
1,592 1,592
75
5,784
531
5,254
1,596 1,596
75
5,794
530
5,264
1,601 1,601
75
5,803
529
5,274
1,606 1,606
75
5,812
529
5,284
1,610 1,610
75
5,822
528
5,294
1,615 1,615
75
5,831
527
5,304
1,620 1,620
75
5,841
527
5,314
1,625 1,625
75
5,850
526
5,324
1,629 1,629
75
5,859
525
5,334
1,634 1,634
75
5,869
525
5,344
1,639 1,639
75
5,878
524
5,354
1,644 1,644
75
5,888
523
5,365
1,648 1,648
75
5,898
523
5,375
1,653 1,653
75
5,907
522
5,385
1,658 1,658
75
5,917
521
5,396
1,663 1,663
75
5,927
521
5,406
1,668 1,668
75
5,936
520
5,416
1,673 1,673
75
5,946
519
5,427
1,677 1,677
75
5,956
519
5,437
1,682 1,682
75
5,966
518
5,448
1,687 1,687
75
5,975
517
5,458
1,692 1,692
75
5,985
516
5,469
1,697 1,697
75
5,995
516
5,479
1,702 1,702
75
6,005
515
5,490
1,707 1,707
75
6,015
514
5,501

Total
Wasted Money
2,727
2,730
2,733
2,736
2,738
2,741
2,744
2,747
2,750
2,753
2,756
2,758
2,761
2,764
2,767
2,770
2,773
2,776
2,779
2,782
2,785
2,788
2,791
2,794
2,797
2,800
2,803
2,806
2,809
2,812
2,815
2,818
2,821
2,824
2,827
2,830
2,833
2,836
2,839
2,843
2,846
2,849
2,852
2,855
2,858
2,862
2,865
2,868
2,871
2,874
2,878
2,881
2,884
2,887
2,891
2,894
2,897
2,900
2,904
2,907

Current
Increase in
Rent Monthly PMT
5,000
(77)
5,000
(68)
5,000
(59)
5,000
(50)
5,000
(41)
5,000
(32)
5,000
(23)
5,000
(13)
5,000
(4)
5,000
5
5,000
14
5,000
23
5,000
33
5,000
42
5,000
51
5,000
61
5,000
70
5,000
79
5,000
89
5,000
98
5,000
108
5,000
117
5,000
127
5,000
137
5,000
146
5,000
156
5,000
165
5,000
175
5,000
185
5,000
195
5,000
204
5,000
214
5,000
224
5,000
234
5,000
244
5,000
254
5,000
264
5,000
274
5,000
284
5,000
294
5,000
304
5,000
314
5,000
324
5,000
334
5,000
344
5,000
354
5,000
365
5,000
375
5,000
385
5,000
396
5,000
406
5,000
416
5,000
427
5,000
437
5,000
448
5,000
458
5,000
469
5,000
479
5,000
490
5,000
501

1
10
19
28
37
46
55
64
73
82
91
100
109
118
127
136
145
154
163
172
181
190
199
208
217
226
235
244
253
262
271
280
289
298
307
316
325
334
343
352

Cost

Principal vs. Wasted Money

$6,000

$5,000

$4,000

$3,000

Principal

Wasted Money

$2,000

$1,000

$0

Months

1
10
19
28
37
46
55
64
73
82
91
100
109
118
127
136
145
154
163
172
181
190
199
208
217
226
235
244
253
262
271
280
289
298
307
316
325
334
343
352

Cost

Increase in Rent

$6,000

$5,000

$4,000

$3,000
Incremental Cost

Monthly Rent

$2,000

$1,000

$0

Months

1
11
21
31
41
51
61
71
81
91
101
111
121
131
141
151
161
171
181
191
201
211
221
231
241
251
261
271
281
291
301
311
321
331
341
351

Cost

Rent vs. Wasted Money

$6,000

$5,000

$4,000

$3,000
Wasted Money

Wasted Rent Money

$2,000

$1,000

$0

Months