What does it take to buy a $900,000 apartment?
Required income, down payment, and estimated closing cash for a $900,000 co-op or condo in NYC — calculated using this site's own affordability engine.
The income figures above are calculated, not looked up — they're the minimum income to clear the DTI limit at $900,000, using the same default mortgage rate and down payment as the live calculators below, assuming no other monthly debts. Clearing DTI is necessary but not sufficient: you'd separately need the cash shown in the table below (down payment, closing costs, and for co-ops, reserves) actually on hand — a lender or board checks both. Open the Co-op or Condo Calculator and enter your real income and accounts to see whether you clear both bars.
Try a different number
The results above update as you type — no page reload, nothing sent anywhere.
Total liquid cash you'd want
Down payment, closing costs, mansion tax (if applicable), and — for co-ops — post-closing board reserves.
| Co-op | Condo | |
|---|---|---|
| Purchase price | $900,000 | $900,000 |
| Down payment | $180,000 | $180,000 |
| Est. monthly P&I + carrying | $5,633/mo | $6,782/mo |
| Est. closing costs | $10,750 | $30,380 |
| Est. reserves (co-op only) | $67,598 | — |
| Total est. cash needed | $258,348 | $210,380 |
This budget, from a different angle
See a different price
Have a different target price? Open the Co-op or Condo Calculator and use the "Afford Target" tab to enter any price.