Buyers have several new mortgage options to consider at Astoria Tower, 8 E 9th St in the South Loop. According to a sheet I picked up at the development’s newest model (seen above and below), a qualified buyer who makes a 5-percent down payment on one of Astoria Tower’s new condos can get two 30/15 fixed/balloon mortgages with 5 percent interest rates, APRs of 5.162 and 5.123 percent, and no private mortgage insurance charges. Buyers who put 30 percent down will pay 4 percent interest and a 4.178 APR on a single mortgage.
As we mentioned in our last Astoria Tower update, the development’s one- and two-bedroom units have dropped in price since the beginning of the year. The tower’s 10th-floor spa facilities, including its swimming pool, hot tub, sauna, fitness center, massage room, and hair salon, are open, and all units are either ready for occupancy or being finished. Stay tuned in the coming weeks for video of Astoria Tower’s spa level and the newest model.