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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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$60,181

Cash Out Proceeds

$11,423

Annual Net Cash Flow

$1,019

New Loan Payment

1.93

Debt Service Coverage

Refinance Cost
New Loan Amount
$149,355
Current Loan Payoff
$79,700
Loan Points
$2,987
Loan Closing Costs
$6,487
Total Refinance Cost
$89,174
Total Cash Out Proceeds
$60,181

Loan Terms
New Loan Amount
$149,355
Monthly Loan Payment
$1,019
Interest Rate
7.25%
Property Net Cash Flow
$23,649
Annual Loan Payment
$12,226
Debt Coverage Ratio
1.93

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,045
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)
$876
Misc.
Total Loan Closing
$6,487

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$3,475
Hazard Insurance
%
$876
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$4,851
Net Operating Income
$23,649
Annual Loan Payment
$12,226
Net Cash Flow After Debt Service
$11,423
Debt Coverage Ratio
1.93
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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.