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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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$90,909

Cash Out Proceeds

$2,759

Annual Net Cash Flow

$1,501

New Loan Payment

1.15

Debt Service Coverage

Refinance Cost
New Loan Amount
$220,005
Current Loan Payoff
$117,300
Loan Points
$4,400
Loan Closing Costs
$7,396
Total Refinance Cost
$129,096
Total Cash Out Proceeds
$90,909

Loan Terms
New Loan Amount
$220,005
Monthly Loan Payment
$1,501
Interest Rate
7.25%
Property Net Cash Flow
$20,769
Annual Loan Payment
$18,010
Debt Coverage Ratio
1.15

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,540
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)
$1,291
Misc.
Total Loan Closing
$7,396

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$5,940
Hazard Insurance
%
$1,291
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$7,731
Net Operating Income
$20,769
Annual Loan Payment
$18,010
Net Cash Flow After Debt Service
$2,759
Debt Coverage Ratio
1.15
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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.