125707

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.

Want to analyze a specific property?
See Zillow® Property Page
Favorite & Email Results
%
%
%

$91,007

Cash Out Proceeds

$2,665

Annual Net Cash Flow

$1,503

New Loan Payment

1.15

Debt Service Coverage

Refinance Cost

New Loan Amount
$220,313
Current Loan Payoff
$117,500
Loan Points
$4,406
Loan Closing Costs
$7,400
Total Refinance Cost
$129,306
Total Cash Out Proceeds
$91,007

Loan Terms

New Loan Amount
$220,313
Monthly Loan Payment
$1,503
Interest Rate
7.25%
Property Net Cash Flow
$20,700
Annual Loan Payment
$18,035
Debt Coverage Ratio
1.15

Closing Costs

Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,542
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)
$1,293
Misc.
Total Loan Closing
$7,400

Rental Income

Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$6,007
Hazard Insurance
%
$1,293
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$7,800
Net Operating Income
$20,700
Annual Loan Payment
$18,035
Net Cash Flow After Debt Service
$2,665
Debt Coverage Ratio
1.15
Favorite & Email Results
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.