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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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$47,655

Cash Out Proceeds

$15,976

Annual Net Cash Flow

$822

New Loan Payment

2.62

Debt Service Coverage

Refinance Cost
New Loan Amount
$120,480
Current Loan Payoff
$64,300
Loan Points
$2,410
Loan Closing Costs
$6,115
Total Refinance Cost
$72,825
Total Cash Out Proceeds
$47,655

Loan Terms
New Loan Amount
$120,480
Monthly Loan Payment
$822
Interest Rate
7.25%
Property Net Cash Flow
$25,839
Annual Loan Payment
$9,863
Debt Coverage Ratio
2.62

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$843
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)
$707
Misc.
Total Loan Closing
$6,115

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$1,454
Hazard Insurance
%
$707
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$2,661
Net Operating Income
$25,839
Annual Loan Payment
$9,863
Net Cash Flow After Debt Service
$15,976
Debt Coverage Ratio
2.62
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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.