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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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$21,959

Cash Out Proceeds

$21,900

Annual Net Cash Flow

$417

New Loan Payment

5.38

Debt Service Coverage

Refinance Cost

New Loan Amount
$61,133
Current Loan Payoff
$32,600
Loan Points
$1,223
Loan Closing Costs
$5,352
Total Refinance Cost
$39,174
Total Cash Out Proceeds
$21,959

Loan Terms

New Loan Amount
$61,133
Monthly Loan Payment
$417
Interest Rate
7.25%
Property Net Cash Flow
$26,904
Annual Loan Payment
$5,004
Debt Coverage Ratio
5.38

Closing Costs

Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$428
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)
$359
Misc.
Total Loan Closing
$5,352

Rental Income

Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$738
Hazard Insurance
%
$359
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$1,596
Net Operating Income
$26,904
Annual Loan Payment
$5,004
Net Cash Flow After Debt Service
$21,900
Debt Coverage Ratio
5.38
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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.