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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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$26,084

Cash Out Proceeds

$20,957

Annual Net Cash Flow

$481

New Loan Payment

4.63

Debt Service Coverage

Refinance Cost
New Loan Amount
$70,568
Current Loan Payoff
$37,600
Loan Points
$1,411
Loan Closing Costs
$5,473
Total Refinance Cost
$44,484
Total Cash Out Proceeds
$26,084

Loan Terms
New Loan Amount
$70,568
Monthly Loan Payment
$481
Interest Rate
7.25%
Property Net Cash Flow
$26,734
Annual Loan Payment
$5,777
Debt Coverage Ratio
4.63

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$494
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)
$414
Misc.
Total Loan Closing
$5,473

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$852
Hazard Insurance
%
$414
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$1,766
Net Operating Income
$26,734
Annual Loan Payment
$5,777
Net Cash Flow After Debt Service
$20,957
Debt Coverage Ratio
4.63
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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.