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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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$92,702

Cash Out Proceeds

$6,641

Annual Net Cash Flow

$1,535

New Loan Payment

1.36

Debt Service Coverage

Refinance Cost
New Loan Amount
$225,000
Current Loan Payoff
$120,000
Loan Points
$4,500
Loan Closing Costs
$7,798
Total Refinance Cost
$132,298
Total Cash Out Proceeds
$92,702

Loan Terms
New Loan Amount
$225,000
Monthly Loan Payment
$1,535
Interest Rate
7.25%
Property Net Cash Flow
$25,060
Annual Loan Payment
$18,419
Debt Coverage Ratio
1.36

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$338
Title - Lender's Policy
%
$1,575
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)
$1,320
Misc.
Total Loan Closing
$7,798

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$1,620
Hazard Insurance
%
$1,320
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$3,440
Net Operating Income
$25,060
Annual Loan Payment
$18,419
Net Cash Flow After Debt Service
$6,641
Debt Coverage Ratio
1.36
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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.