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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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$91,930

Cash Out Proceeds

$-6,636

Annual Net Cash Flow

$1,517

New Loan Payment

0.64

Debt Service Coverage

Refinance Cost

New Loan Amount
$222,405
Current Loan Payoff
$118,600
Loan Points
$4,448
Loan Closing Costs
$7,427
Total Refinance Cost
$130,475
Total Cash Out Proceeds
$91,930

Loan Terms

New Loan Amount
$222,405
Monthly Loan Payment
$1,517
Interest Rate
7.25%
Property Net Cash Flow
$11,570
Annual Loan Payment
$18,206
Debt Coverage Ratio
0.64

Closing Costs

Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,557
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)
$1,305
Misc.
Total Loan Closing
$7,427

Rental Income

Monthly Market Rent
$1,700
Potential Gross Rent
$20,400
Vacancy Factor
%
$1,020
Effective Gross Rent
$19,380
Property Taxes
%
$6,005
Hazard Insurance
%
$1,305
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$7,810
Net Operating Income
$11,570
Annual Loan Payment
$18,206
Net Cash Flow After Debt Service
$-6,636
Debt Coverage Ratio
0.64
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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.