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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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$45,420

Cash Out Proceeds

$16,507

Annual Net Cash Flow

$786

New Loan Payment

2.75

Debt Service Coverage

Refinance Cost
New Loan Amount
$115,170
Current Loan Payoff
$61,400
Loan Points
$2,303
Loan Closing Costs
$6,047
Total Refinance Cost
$69,750
Total Cash Out Proceeds
$45,420

Loan Terms
New Loan Amount
$115,170
Monthly Loan Payment
$786
Interest Rate
7.25%
Property Net Cash Flow
$25,935
Annual Loan Payment
$9,428
Debt Coverage Ratio
2.75

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$806
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)
$676
Misc.
Total Loan Closing
$6,047

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$1,390
Hazard Insurance
%
$676
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$2,565
Net Operating Income
$25,935
Annual Loan Payment
$9,428
Net Cash Flow After Debt Service
$16,507
Debt Coverage Ratio
2.75
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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.