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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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$49,118

Cash Out Proceeds

$15,560

Annual Net Cash Flow

$844

New Loan Payment

2.54

Debt Service Coverage

Refinance Cost
New Loan Amount
$123,750
Current Loan Payoff
$66,000
Loan Points
$2,475
Loan Closing Costs
$6,157
Total Refinance Cost
$74,632
Total Cash Out Proceeds
$49,118

Loan Terms
New Loan Amount
$123,750
Monthly Loan Payment
$844
Interest Rate
7.25%
Property Net Cash Flow
$25,690
Annual Loan Payment
$10,130
Debt Coverage Ratio
2.54

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$866
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)
$726
Misc.
Total Loan Closing
$6,157

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$1,584
Hazard Insurance
%
$726
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$2,810
Net Operating Income
$25,690
Annual Loan Payment
$10,130
Net Cash Flow After Debt Service
$15,560
Debt Coverage Ratio
2.54
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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.