102690

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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$35,757

Cash Out Proceeds

$18,722

Annual Net Cash Flow

$634

New Loan Payment

3.46

Debt Service Coverage

Refinance Cost
New Loan Amount
$92,978
Current Loan Payoff
$49,600
Loan Points
$1,860
Loan Closing Costs
$5,761
Total Refinance Cost
$57,221
Total Cash Out Proceeds
$35,757

Loan Terms
New Loan Amount
$92,978
Monthly Loan Payment
$634
Interest Rate
7.25%
Property Net Cash Flow
$26,333
Annual Loan Payment
$7,611
Debt Coverage Ratio
3.46

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$651
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)
$545
Misc.
Total Loan Closing
$5,761

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$1,122
Hazard Insurance
%
$545
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$2,167
Net Operating Income
$26,333
Annual Loan Payment
$7,611
Net Cash Flow After Debt Service
$18,722
Debt Coverage Ratio
3.46
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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.