102398

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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$45,288

Cash Out Proceeds

$16,531

Annual Net Cash Flow

$784

New Loan Payment

2.76

Debt Service Coverage

Refinance Cost
New Loan Amount
$114,930
Current Loan Payoff
$61,300
Loan Points
$2,299
Loan Closing Costs
$6,044
Total Refinance Cost
$69,642
Total Cash Out Proceeds
$45,288

Loan Terms
New Loan Amount
$114,930
Monthly Loan Payment
$784
Interest Rate
7.25%
Property Net Cash Flow
$25,939
Annual Loan Payment
$9,408
Debt Coverage Ratio
2.76

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$805
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)
$674
Misc.
Total Loan Closing
$6,044

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$1,387
Hazard Insurance
%
$674
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$2,561
Net Operating Income
$25,939
Annual Loan Payment
$9,408
Net Cash Flow After Debt Service
$16,531
Debt Coverage Ratio
2.76
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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.