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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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$43,780

Cash Out Proceeds

$16,872

Annual Net Cash Flow

$761

New Loan Payment

2.85

Debt Service Coverage

Refinance Cost
New Loan Amount
$111,510
Current Loan Payoff
$59,500
Loan Points
$2,230
Loan Closing Costs
$6,000
Total Refinance Cost
$67,730
Total Cash Out Proceeds
$43,780

Loan Terms
New Loan Amount
$111,510
Monthly Loan Payment
$761
Interest Rate
7.25%
Property Net Cash Flow
$26,000
Annual Loan Payment
$9,128
Debt Coverage Ratio
2.85

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$781
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)
$654
Misc.
Total Loan Closing
$6,000

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$1,346
Hazard Insurance
%
$654
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$2,500
Net Operating Income
$26,000
Annual Loan Payment
$9,128
Net Cash Flow After Debt Service
$16,872
Debt Coverage Ratio
2.85
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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.