101897

Refinance Analyzer

Use the Refinance Analyzer below to estimate the potential profit and return on investment from your next deal. Edit the assumptions to adjust the calculation.

Want to analyze a specific property?
See Zillow® Property Page
Favorite & Email Results
%
%
%

$88,691

Cash Out Proceeds

$6,552

Annual Net Cash Flow

$1,466

New Loan Payment

1.37

Debt Service Coverage

Refinance Cost
New Loan Amount
$214,920
Current Loan Payoff
$114,600
Loan Points
$4,298
Loan Closing Costs
$7,330
Total Refinance Cost
$126,229
Total Cash Out Proceeds
$88,691

Loan Terms
New Loan Amount
$214,920
Monthly Loan Payment
$1,466
Interest Rate
7.25%
Property Net Cash Flow
$24,146
Annual Loan Payment
$17,594
Debt Coverage Ratio
1.37

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,504
Title Search
Wire/Courier
Recording and Mortgage
Lender Underwriting Fee
Appraisal
Escrow/Settlement Fee
HOA Report/Estoppel/Unpaid Dues
Lender Processing
Prepaid Loan Reserve
(Months)
$0
Prepaid Insurance Premium
(Months)
$1,261
Misc.
Total Loan Closing
$7,330

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$2,593
Hazard Insurance
%
$1,261
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$4,354
Net Operating Income
$24,146
Annual Loan Payment
$17,594
Net Cash Flow After Debt Service
$6,552
Debt Coverage Ratio
1.37
Favorite & Email Results
Disclaimer: Information on estimated costs and profitability is provided for informational purposes and is deemed to be valid and reliable, but is not guaranteed. It is your sole responsibility to independently confirm and verify all information upon which you may rely or use.