102004

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.

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$35,822

Cash Out Proceeds

$18,714

Annual Net Cash Flow

$635

New Loan Payment

3.46

Debt Service Coverage

Refinance Cost
New Loan Amount
$93,045
Current Loan Payoff
$49,600
Loan Points
$1,861
Loan Closing Costs
$5,762
Total Refinance Cost
$57,223
Total Cash Out Proceeds
$35,822

Loan Terms
New Loan Amount
$93,045
Monthly Loan Payment
$635
Interest Rate
7.25%
Property Net Cash Flow
$26,331
Annual Loan Payment
$7,617
Debt Coverage Ratio
3.46

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$651
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)
$546
Misc.
Total Loan Closing
$5,762

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$1,123
Hazard Insurance
%
$546
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$2,169
Net Operating Income
$26,331
Annual Loan Payment
$7,617
Net Cash Flow After Debt Service
$18,714
Debt Coverage Ratio
3.46
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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.