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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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$55,219

Cash Out Proceeds

$14,248

Annual Net Cash Flow

$940

New Loan Payment

2.26

Debt Service Coverage

Refinance Cost
New Loan Amount
$137,813
Current Loan Payoff
$73,500
Loan Points
$2,756
Loan Closing Costs
$6,338
Total Refinance Cost
$82,594
Total Cash Out Proceeds
$55,219

Loan Terms
New Loan Amount
$137,813
Monthly Loan Payment
$940
Interest Rate
7.25%
Property Net Cash Flow
$25,529
Annual Loan Payment
$11,281
Debt Coverage Ratio
2.26

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$965
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)
$809
Misc.
Total Loan Closing
$6,338

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$1,663
Hazard Insurance
%
$809
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$2,971
Net Operating Income
$25,529
Annual Loan Payment
$11,281
Net Cash Flow After Debt Service
$14,248
Debt Coverage Ratio
2.26
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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.