106017

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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$40,504

Cash Out Proceeds

$8,513

Annual Net Cash Flow

$709

New Loan Payment

2

Debt Service Coverage

Refinance Cost
New Loan Amount
$103,883
Current Loan Payoff
$55,400
Loan Points
$2,078
Loan Closing Costs
$5,902
Total Refinance Cost
$63,379
Total Cash Out Proceeds
$40,504

Loan Terms
New Loan Amount
$103,883
Monthly Loan Payment
$709
Interest Rate
7.25%
Property Net Cash Flow
$17,017
Annual Loan Payment
$8,504
Debt Coverage Ratio
2

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$727
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)
$609
Misc.
Total Loan Closing
$5,902

Rental Income
Monthly Market Rent
$1,700
Potential Gross Rent
$20,400
Vacancy Factor
%
$1,020
Effective Gross Rent
$19,380
Property Taxes
%
$1,254
Hazard Insurance
%
$609
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$2,363
Net Operating Income
$17,017
Annual Loan Payment
$8,504
Net Cash Flow After Debt Service
$8,513
Debt Coverage Ratio
2
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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.