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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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$150,131

Cash Out Proceeds

$-7,578

Annual Net Cash Flow

$2,432

New Loan Payment

0.74

Debt Service Coverage

Refinance Cost

New Loan Amount
$356,513
Current Loan Payoff
$190,100
Loan Points
$7,130
Loan Closing Costs
$9,152
Total Refinance Cost
$206,382
Total Cash Out Proceeds
$150,131

Loan Terms

New Loan Amount
$356,513
Monthly Loan Payment
$2,432
Interest Rate
7.25%
Property Net Cash Flow
$21,607
Annual Loan Payment
$29,185
Debt Coverage Ratio
0.74

Closing Costs

Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$2,496
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)
$2,092
Misc.
Total Loan Closing
$9,152

Rental Income

Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$4,302
Hazard Insurance
%
$2,092
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$6,893
Net Operating Income
$21,607
Annual Loan Payment
$29,185
Net Cash Flow After Debt Service
$-7,578
Debt Coverage Ratio
0.74
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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.