103581

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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$43,985

Cash Out Proceeds

$16,841

Annual Net Cash Flow

$763

New Loan Payment

2.84

Debt Service Coverage

Refinance Cost
New Loan Amount
$111,825
Current Loan Payoff
$59,600
Loan Points
$2,237
Loan Closing Costs
$6,004
Total Refinance Cost
$67,840
Total Cash Out Proceeds
$43,985

Loan Terms
New Loan Amount
$111,825
Monthly Loan Payment
$763
Interest Rate
7.25%
Property Net Cash Flow
$25,995
Annual Loan Payment
$9,154
Debt Coverage Ratio
2.84

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$783
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)
$656
Misc.
Total Loan Closing
$6,004

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$1,349
Hazard Insurance
%
$656
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$2,505
Net Operating Income
$25,995
Annual Loan Payment
$9,154
Net Cash Flow After Debt Service
$16,841
Debt Coverage Ratio
2.84
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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.