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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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$56,512

Cash Out Proceeds

$11,893

Annual Net Cash Flow

$961

New Loan Payment

2.03

Debt Service Coverage

Refinance Cost
New Loan Amount
$140,805
Current Loan Payoff
$75,100
Loan Points
$2,816
Loan Closing Costs
$6,377
Total Refinance Cost
$84,293
Total Cash Out Proceeds
$56,512

Loan Terms
New Loan Amount
$140,805
Monthly Loan Payment
$961
Interest Rate
7.25%
Property Net Cash Flow
$23,419
Annual Loan Payment
$11,526
Debt Coverage Ratio
2.03

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$986
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)
$826
Misc.
Total Loan Closing
$6,377

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$3,755
Hazard Insurance
%
$826
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$5,081
Net Operating Income
$23,419
Annual Loan Payment
$11,526
Net Cash Flow After Debt Service
$11,893
Debt Coverage Ratio
2.03
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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.