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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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$36,453

Cash Out Proceeds

$18,557

Annual Net Cash Flow

$646

New Loan Payment

3.4

Debt Service Coverage

Refinance Cost
New Loan Amount
$94,628
Current Loan Payoff
$50,500
Loan Points
$1,893
Loan Closing Costs
$5,783
Total Refinance Cost
$58,175
Total Cash Out Proceeds
$36,453

Loan Terms
New Loan Amount
$94,628
Monthly Loan Payment
$646
Interest Rate
7.25%
Property Net Cash Flow
$26,303
Annual Loan Payment
$7,746
Debt Coverage Ratio
3.4

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$662
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)
$555
Misc.
Total Loan Closing
$5,783

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$1,142
Hazard Insurance
%
$555
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$2,197
Net Operating Income
$26,303
Annual Loan Payment
$7,746
Net Cash Flow After Debt Service
$18,557
Debt Coverage Ratio
3.4
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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.