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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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$105,700

Cash Out Proceeds

$2,630

Annual Net Cash Flow

$1,734

New Loan Payment

1.13

Debt Service Coverage

Refinance Cost
New Loan Amount
$254,220
Current Loan Payoff
$135,600
Loan Points
$5,084
Loan Closing Costs
$7,836
Total Refinance Cost
$148,520
Total Cash Out Proceeds
$105,700

Loan Terms
New Loan Amount
$254,220
Monthly Loan Payment
$1,734
Interest Rate
7.25%
Property Net Cash Flow
$23,441
Annual Loan Payment
$20,811
Debt Coverage Ratio
1.13

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,780
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)
$1,491
Misc.
Total Loan Closing
$7,836

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$3,068
Hazard Insurance
%
$1,491
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$5,059
Net Operating Income
$23,441
Annual Loan Payment
$20,811
Net Cash Flow After Debt Service
$2,630
Debt Coverage Ratio
1.13
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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.