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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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$57,045

Cash Out Proceeds

$13,821

Annual Net Cash Flow

$969

New Loan Payment

2.19

Debt Service Coverage

Refinance Cost
New Loan Amount
$142,080
Current Loan Payoff
$75,800
Loan Points
$2,842
Loan Closing Costs
$6,393
Total Refinance Cost
$85,035
Total Cash Out Proceeds
$57,045

Loan Terms
New Loan Amount
$142,080
Monthly Loan Payment
$969
Interest Rate
7.25%
Property Net Cash Flow
$25,452
Annual Loan Payment
$11,631
Debt Coverage Ratio
2.19

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$995
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)
$834
Misc.
Total Loan Closing
$6,393

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$1,714
Hazard Insurance
%
$834
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$3,048
Net Operating Income
$25,452
Annual Loan Payment
$11,631
Net Cash Flow After Debt Service
$13,821
Debt Coverage Ratio
2.19
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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.