102550

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.

Want to analyze a specific property?
See Zillow® Property Page
Favorite & Email Results
%
%
%

$41,156

Cash Out Proceeds

$17,473

Annual Net Cash Flow

$720

New Loan Payment

3.02

Debt Service Coverage

Refinance Cost
New Loan Amount
$105,488
Current Loan Payoff
$56,300
Loan Points
$2,110
Loan Closing Costs
$5,922
Total Refinance Cost
$64,332
Total Cash Out Proceeds
$41,156

Loan Terms
New Loan Amount
$105,488
Monthly Loan Payment
$720
Interest Rate
7.25%
Property Net Cash Flow
$26,108
Annual Loan Payment
$8,635
Debt Coverage Ratio
3.02

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$738
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)
$619
Misc.
Total Loan Closing
$5,922

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$1,273
Hazard Insurance
%
$619
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$2,392
Net Operating Income
$26,108
Annual Loan Payment
$8,635
Net Cash Flow After Debt Service
$17,473
Debt Coverage Ratio
3.02
Favorite & Email Results
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.