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James Finelli | The Finelli Team at Compass
110 5th Ave, 3rd Floor, New York, NY 10011
james.finelli@compass.com · (516) 859-1484

© 2026 The Finelli Team. All rights reserved.

Required notices

Disclosures

Brokerage identification, fair-housing notices, agency disclosure, and data-source attribution for The Finelli Team at Compass. Full documents are linked throughout.

New York required notices

NYS Fair Housing NoticeProtections under federal, New York State, and New York City law — including lawful source of income.Read the notice →Standard Operating ProceduresCompass's published procedures under Real Property Law § 442-h — identification, buyer representation, pre-approval.Read the procedures →NYS Agency DisclosureWho an agent works for in New York, and when a representation agreement begins (DOS-1736-f).Read the disclosure →

Brokerage & Equal Housing

The Finelli Team is a team of real estate agents affiliated with Compass. Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws.

The Finelli Team at Compass · 110 5th Ave, 3rd Floor, New York, NY 10011 · (516) 859-1484

We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.

Full disclosures →

Fair Housing & Anti-Discrimination

Federal, New York State, and New York City law prohibit discrimination in the sale or rental of housing. Protected characteristics include race, creed, color, national origin, citizenship or immigration status, sexual orientation, gender identity or expression, military status, sex, age, disability, marital status, status as a victim of domestic violence, lawful source of income, and familial status. We do not discriminate on the basis of lawful source of income, including housing vouchers.

  • New York State Housing and Anti-Discrimination Notice (Department of State) — read the notice
  • New York State Division of Human Rights — dhr.ny.gov
  • New York City Commission on Human Rights — nyc.gov/cchr
NYS Fair Housing Notice →

Standard Operating Procedures

Pursuant to New York Real Property Law § 442-h, Compass publishes its standardized operating procedures for prospective purchasers. The procedures cover whether identification is required, whether a buyer representation agreement is required, and whether mortgage pre-approval is required. Read Compass’s New York Standard Operating Procedures.

Full SOP page →

Agency Disclosure

New York law requires real estate licensees to provide the New York State Disclosure Form for Buyer and Seller at first substantive contact, and to obtain a signed acknowledgment. Review the disclosure form. We will provide the form and ask for your acknowledgment before we represent you.

Full agency disclosure →

Reasonable Accommodations

Prospective tenants may request reasonable accommodations or modifications. Read the New York State Division of Human Rights notice.

Accommodation notice →

Listing & IDX Disclosures

Listing information is provided by the REBNY RLS and is deemed reliable but is not guaranteed accurate. Data is for consumers’ personal, non-commercial use. Property photographs belong to the listing broker or photographer and may not be reproduced without written permission. If your property is currently listed with another broker, this is not a solicitation.

Data Sources & Attribution

Public records on this site come from NYC Open Data — including ACRIS property records, PLUTO/MapPLUTO lot data, and Department of Buildings datasets. Listing information is provided by the REBNY RLS and Compass.

Some pages use public data — including ACRIS, PLUTO/MapPLUTO, and other NYC Open Data sets — and third-party services. That data is provided “as is” without warranty of accuracy, completeness, or timeliness. It is not a substitute for a title search, survey, inspection, appraisal, or legal advice. Verify anything you intend to rely on.

  • Listing information is deemed reliable but is not guaranteed accurate by the MLS. Prices and availability change without notice.
  • Public records may be stale, incomplete, or inaccurate. They are not a substitute for a title search, survey, inspection, appraisal, or legal advice. Verify anything you intend to rely on.
  • Most pages refresh within minutes; some datasets (assessments, neighborhood statistics, tax rates) refresh on a slower schedule.
Data Policy →

Calculators & Estimates

Estimates only — this is not tax, legal, financial, or lending advice. Figures are illustrative and depend on facts a calculator cannot see: your rate and terms, credits, exemptions, building rules, and current law. Rates and thresholds change. Confirm every number with your attorney, accountant, or lender before you rely on it or act on it.

Our calculators and any value estimates are informational only. They are not an appraisal, a comparative market analysis, or an offer of credit. Actual rates, fees, and costs vary.

Terms of Use →

Disclosures effective September 29, 2026. The effective date on each full document reflects the current version.

Privacy PolicyTerms of UseDisclosuresData PolicyFair HousingSOPAgency DisclosureAccommodationsAccessibility

Affordability Calculator

How this is calculated

Our affordability calculator determines the maximum home price you can afford using the standard amortization formula solved for principal.

P = M ×(1 + r)n − 1r(1 + r)n

In this equation, P is the maximum principal loan amount. M is the monthly payment allocated to principal and interest. r is the monthly interest rate (annual rate divided by 12). n is the total number of payments (loan term in years multiplied by 12). To find the maximum purchase price, add your available down payment to P.

Your Finances

$
$

Combined income for couples

$

Car, student loans, credit cards

$
%
Loan Term

You Can Afford

$670,000
P&I
$3,744
Property Tax
$558
Insurance
$125
PMI
$238
HOA
$0
Max Loan
$570,000
Down Payment
$100,000
Monthly Housing
$4,665
DTI (front/back)
28% / 28%

Estimates only — this is not tax, legal, financial, or lending advice. Figures are illustrative and depend on facts a calculator cannot see: your rate and terms, credits, exemptions, building rules, and current law. Rates and thresholds change. Confirm every number with your attorney, accountant, or lender before you rely on it or act on it. Tax rates verified 2026.

Calculations provided by The Finelli Team at Compass — NYC real estate experts who turn numbers into neighborhoods. For personalized guidance, reach out at jamesfinelliteam.com.

Know what you can actually buy in NYC

The calculator gives you a number. An agent gives you context — neighborhood trade-offs, co-op vs. condo rules, and the listings that fit your real budget.

Talk to an agent about your budget

The Finelli Team's affordability calculator estimates how much home you can buy in New York City using the debt-to-income limits most lenders apply. It accounts for income, recurring debts, your down payment, and today's rates — and it understands the rules that make co-ops and condos different.

How do lenders decide how much I can afford?

Most lenders use the 28/36 rule: your housing payment should stay within 28% of gross monthly income, and your total debt — housing plus loans, cards, and other obligations — within 36%. This calculator applies those thresholds to your numbers to estimate a maximum purchase price.

Why can I afford less in a co-op?

Co-op boards frequently require more post-closing reserves and a lower debt-to-income ratio than a condo or townhouse, so the same income can stretch further in a condo than in a co-op building.

Does the down payment change my buying power?

Yes — a larger down payment lowers your loan amount and monthly payment, which raises the price you can carry. Adjust the down payment field to see the effect.

What about a second home in NYC?

Second homes carry the annual NYC pied-à-terre surcharge, which increases your carrying costs. The calculator factors that charge into the results for second-home scenarios.

Frequently asked questions

How much home can I afford in NYC?

Lenders typically apply the 28/36 rule: housing costs stay within 28% of gross monthly income, and total debt stays within 36%. This calculator applies that rule to your income, debts, down payment, and interest rate to estimate a maximum purchase price.

Does a co-op change what I can afford?

Yes. Co-op boards often require more post-closing liquidity and lower debt-to-income ratios than a condo or townhouse, so the same income can qualify for less in a co-op building.

Should I enter gross or take-home income?

Use gross (pre-tax) annual income — that is what lenders underwrite against. Enter recurring monthly debt payments, such as loans and minimum card payments, in the debts field.

Does the NYC pied-à-terre surcharge affect affordability?

For a second home it does — the annual surcharge raises your carrying costs and lowers what you can afford. This calculator factors it in once you provide the property's assessed value (for condos and co-ops); the tax is based on that value, not the sale price.

Last reviewed October 2026. General information only, current as of the review date above — not tax, legal, financial, or lending advice. New York City and New York State rules, rates, and thresholds change and are sometimes under legal challenge. Confirm every figure with your attorney, accountant, or lender before you rely on it.

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