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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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$18,899

Cash Out Proceeds

$22,597

Annual Net Cash Flow

$369

New Loan Payment

6.1

Debt Service Coverage

Refinance Cost
New Loan Amount
$54,143
Current Loan Payoff
$28,900
Loan Points
$1,083
Loan Closing Costs
$5,262
Total Refinance Cost
$35,244
Total Cash Out Proceeds
$18,899

Loan Terms
New Loan Amount
$54,143
Monthly Loan Payment
$369
Interest Rate
7.25%
Property Net Cash Flow
$27,029
Annual Loan Payment
$4,432
Debt Coverage Ratio
6.1

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$379
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)
$318
Misc.
Total Loan Closing
$5,262

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$653
Hazard Insurance
%
$318
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$1,471
Net Operating Income
$27,029
Annual Loan Payment
$4,432
Net Cash Flow After Debt Service
$22,597
Debt Coverage Ratio
6.1
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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.