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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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$55,011

Cash Out Proceeds

$1,759

Annual Net Cash Flow

$937

New Loan Payment

1.16

Debt Service Coverage

Refinance Cost
New Loan Amount
$137,288
Current Loan Payoff
$73,200
Loan Points
$2,746
Loan Closing Costs
$6,331
Total Refinance Cost
$82,277
Total Cash Out Proceeds
$55,011

Loan Terms
New Loan Amount
$137,288
Monthly Loan Payment
$937
Interest Rate
7.25%
Property Net Cash Flow
$12,998
Annual Loan Payment
$11,239
Debt Coverage Ratio
1.16

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$961
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)
$805
Misc.
Total Loan Closing
$6,331

Rental Income
Monthly Market Rent
$1,400
Potential Gross Rent
$16,800
Vacancy Factor
%
$840
Effective Gross Rent
$15,960
Property Taxes
%
$1,657
Hazard Insurance
%
$805
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$2,962
Net Operating Income
$12,998
Annual Loan Payment
$11,239
Net Cash Flow After Debt Service
$1,759
Debt Coverage Ratio
1.16
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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.