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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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$57,295

Cash Out Proceeds

$13,775

Annual Net Cash Flow

$972

New Loan Payment

2.18

Debt Service Coverage

Refinance Cost
New Loan Amount
$142,545
Current Loan Payoff
$76,000
Loan Points
$2,851
Loan Closing Costs
$6,399
Total Refinance Cost
$85,250
Total Cash Out Proceeds
$57,295

Loan Terms
New Loan Amount
$142,545
Monthly Loan Payment
$972
Interest Rate
7.25%
Property Net Cash Flow
$25,444
Annual Loan Payment
$11,669
Debt Coverage Ratio
2.18

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$998
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)
$836
Misc.
Total Loan Closing
$6,399

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$1,720
Hazard Insurance
%
$836
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$3,056
Net Operating Income
$25,444
Annual Loan Payment
$11,669
Net Cash Flow After Debt Service
$13,775
Debt Coverage Ratio
2.18
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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.