Tools  •  Co-op Approval

Co-op Board
Calculator

NYC co-op boards typically require a front-end DTI below 28%, back-end below 36%, and 12 to 24 months of carrying costs in liquid assets post-close. Run your numbers before you make an offer.

Inputs

Deal structure

Loan amount

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Down payment $

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Monthly mortgage P&I

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Post-closing liquidity

Remaining cash after close

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Savings minus down payment and closing costs

Liquidity status

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Monthly carrying cost

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Mortgage + maintenance

Board minimum (12 mo)

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Standard requirement

Strict minimum (24 mo)

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Top buildings

Debt-to-income (DTI)

Housing DTI (front-end)

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Board target ≤ 28%

Total DTI (back-end)

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Board target ≤ 36%

DTI status

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Max qualifying purchase price at current income and debts

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

⚠
ESTIMATED CLOSING COSTS ONLY
Actual costs vary. Consult your attorney and mortgage broker for precise figures.

Closing costs (editable)

Mansion tax
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Attorney fees
Board application / flip tax
Bank attorney
Appraisal
Recognition agreement
UCC-1 filing
Move-in deposit / fee
Loan origination / points
Credit report / misc lender fees
Prepaid interest (1 month)
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Homeowners insurance (1st year)
Mortgage recording tax
N/A for co-ops
$0
Estimated total closing costs —

All line items are editable. Mansion tax is calculated automatically based on purchase price. Mortgage recording tax does not apply to co-ops.

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