125670

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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$50,116

Cash Out Proceeds

$9,769

Annual Net Cash Flow

$860

New Loan Payment

1.95

Debt Service Coverage

Refinance Cost
New Loan Amount
$126,023
Current Loan Payoff
$67,200
Loan Points
$2,520
Loan Closing Costs
$6,186
Total Refinance Cost
$75,907
Total Cash Out Proceeds
$50,116

Loan Terms
New Loan Amount
$126,023
Monthly Loan Payment
$860
Interest Rate
7.25%
Property Net Cash Flow
$20,085
Annual Loan Payment
$10,316
Debt Coverage Ratio
1.95

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$882
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)
$739
Misc.
Total Loan Closing
$6,186

Rental Income
Monthly Market Rent
$2,200
Potential Gross Rent
$26,400
Vacancy Factor
%
$1,320
Effective Gross Rent
$25,080
Property Taxes
%
$3,755
Hazard Insurance
%
$739
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$4,995
Net Operating Income
$20,085
Annual Loan Payment
$10,316
Net Cash Flow After Debt Service
$9,769
Debt Coverage Ratio
1.95
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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.