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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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$28,028

Cash Out Proceeds

$20,510

Annual Net Cash Flow

$512

New Loan Payment

4.34

Debt Service Coverage

Refinance Cost
New Loan Amount
$75,060
Current Loan Payoff
$40,000
Loan Points
$1,501
Loan Closing Costs
$5,531
Total Refinance Cost
$47,032
Total Cash Out Proceeds
$28,028

Loan Terms
New Loan Amount
$75,060
Monthly Loan Payment
$512
Interest Rate
7.25%
Property Net Cash Flow
$26,654
Annual Loan Payment
$6,144
Debt Coverage Ratio
4.34

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$525
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)
$440
Misc.
Total Loan Closing
$5,531

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$906
Hazard Insurance
%
$440
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$1,846
Net Operating Income
$26,654
Annual Loan Payment
$6,144
Net Cash Flow After Debt Service
$20,510
Debt Coverage Ratio
4.34
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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.