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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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$109,995

Cash Out Proceeds

$1,647

Annual Net Cash Flow

$1,801

New Loan Payment

1.08

Debt Service Coverage

Refinance Cost
New Loan Amount
$264,038
Current Loan Payoff
$140,800
Loan Points
$5,281
Loan Closing Costs
$7,962
Total Refinance Cost
$154,043
Total Cash Out Proceeds
$109,995

Loan Terms
New Loan Amount
$264,038
Monthly Loan Payment
$1,801
Interest Rate
7.25%
Property Net Cash Flow
$23,261
Annual Loan Payment
$21,614
Debt Coverage Ratio
1.08

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,848
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)
$1,549
Misc.
Total Loan Closing
$7,962

Rental Income
Monthly Market Rent
$2,600
Potential Gross Rent
$31,200
Vacancy Factor
%
$1,560
Effective Gross Rent
$29,640
Property Taxes
%
$4,330
Hazard Insurance
%
$1,549
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$6,379
Net Operating Income
$23,261
Annual Loan Payment
$21,614
Net Cash Flow After Debt Service
$1,647
Debt Coverage Ratio
1.08
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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.