102385

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.

Want to analyze a specific property?
See Zillow® Property Page
Favorite & Email Results
%
%
%

$79,507

Cash Out Proceeds

$6,386

Annual Net Cash Flow

$1,322

New Loan Payment

1.4

Debt Service Coverage

Refinance Cost
New Loan Amount
$193,740
Current Loan Payoff
$103,300
Loan Points
$3,875
Loan Closing Costs
$7,058
Total Refinance Cost
$114,233
Total Cash Out Proceeds
$79,507

Loan Terms
New Loan Amount
$193,740
Monthly Loan Payment
$1,322
Interest Rate
7.25%
Property Net Cash Flow
$22,246
Annual Loan Payment
$15,860
Debt Coverage Ratio
1.4

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,356
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)
$1,137
Misc.
Total Loan Closing
$7,058

Rental Income
Monthly Market Rent
$2,300
Potential Gross Rent
$27,600
Vacancy Factor
%
$1,380
Effective Gross Rent
$26,220
Property Taxes
%
$2,338
Hazard Insurance
%
$1,137
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$3,974
Net Operating Income
$22,246
Annual Loan Payment
$15,860
Net Cash Flow After Debt Service
$6,386
Debt Coverage Ratio
1.4
Favorite & Email Results
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.