103896

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
%
%
%

$56,137

Cash Out Proceeds

$14,028

Annual Net Cash Flow

$955

New Loan Payment

2.22

Debt Service Coverage

Refinance Cost
New Loan Amount
$140,003
Current Loan Payoff
$74,700
Loan Points
$2,800
Loan Closing Costs
$6,366
Total Refinance Cost
$83,866
Total Cash Out Proceeds
$56,137

Loan Terms
New Loan Amount
$140,003
Monthly Loan Payment
$955
Interest Rate
7.25%
Property Net Cash Flow
$25,489
Annual Loan Payment
$11,461
Debt Coverage Ratio
2.22

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$980
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)
$821
Misc.
Total Loan Closing
$6,366

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$1,689
Hazard Insurance
%
$821
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$3,011
Net Operating Income
$25,489
Annual Loan Payment
$11,461
Net Cash Flow After Debt Service
$14,028
Debt Coverage Ratio
2.22
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.