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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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$40,155

Cash Out Proceeds

$1,692

Annual Net Cash Flow

$703

New Loan Payment

1.2

Debt Service Coverage

Refinance Cost
New Loan Amount
$103,005
Current Loan Payoff
$54,900
Loan Points
$2,060
Loan Closing Costs
$5,890
Total Refinance Cost
$62,850
Total Cash Out Proceeds
$40,155

Loan Terms
New Loan Amount
$103,005
Monthly Loan Payment
$703
Interest Rate
7.25%
Property Net Cash Flow
$10,124
Annual Loan Payment
$8,432
Debt Coverage Ratio
1.2

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$721
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)
$604
Misc.
Total Loan Closing
$5,890

Rental Income
Monthly Market Rent
$1,100
Potential Gross Rent
$13,200
Vacancy Factor
%
$660
Effective Gross Rent
$12,540
Property Taxes
%
$1,312
Hazard Insurance
%
$604
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$2,416
Net Operating Income
$10,124
Annual Loan Payment
$8,432
Net Cash Flow After Debt Service
$1,692
Debt Coverage Ratio
1.2
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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.