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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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$59,757

Cash Out Proceeds

$4,883

Annual Net Cash Flow

$1,011

New Loan Payment

1.4

Debt Service Coverage

Refinance Cost
New Loan Amount
$148,193
Current Loan Payoff
$79,000
Loan Points
$2,964
Loan Closing Costs
$6,472
Total Refinance Cost
$88,436
Total Cash Out Proceeds
$59,757

Loan Terms
New Loan Amount
$148,193
Monthly Loan Payment
$1,011
Interest Rate
7.25%
Property Net Cash Flow
$17,014
Annual Loan Payment
$12,131
Debt Coverage Ratio
1.4

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,037
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)
$869
Misc.
Total Loan Closing
$6,472

Rental Income
Monthly Market Rent
$2,000
Potential Gross Rent
$24,000
Vacancy Factor
%
$1,200
Effective Gross Rent
$22,800
Property Taxes
%
$4,416
Hazard Insurance
%
$869
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$5,786
Net Operating Income
$17,014
Annual Loan Payment
$12,131
Net Cash Flow After Debt Service
$4,883
Debt Coverage Ratio
1.4
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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.