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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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$58,509

Cash Out Proceeds

$1,284

Annual Net Cash Flow

$992

New Loan Payment

1.11

Debt Service Coverage

Refinance Cost
New Loan Amount
$145,455
Current Loan Payoff
$77,600
Loan Points
$2,909
Loan Closing Costs
$6,437
Total Refinance Cost
$86,946
Total Cash Out Proceeds
$58,509

Loan Terms
New Loan Amount
$145,455
Monthly Loan Payment
$992
Interest Rate
7.25%
Property Net Cash Flow
$13,191
Annual Loan Payment
$11,907
Debt Coverage Ratio
1.11

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,018
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)
$853
Misc.
Total Loan Closing
$6,437

Rental Income
Monthly Market Rent
$1,400
Potential Gross Rent
$16,800
Vacancy Factor
%
$840
Effective Gross Rent
$15,960
Property Taxes
%
$1,416
Hazard Insurance
%
$853
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$2,769
Net Operating Income
$13,191
Annual Loan Payment
$11,907
Net Cash Flow After Debt Service
$1,284
Debt Coverage Ratio
1.11
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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.