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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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$163,331

Cash Out Proceeds

$-11,924

Annual Net Cash Flow

$2,743

New Loan Payment

0.64

Debt Service Coverage

Refinance Cost
New Loan Amount
$402,113
Current Loan Payoff
$214,500
Loan Points
$8,042
Loan Closing Costs
$16,240
Total Refinance Cost
$238,782
Total Cash Out Proceeds
$163,331

Loan Terms
New Loan Amount
$402,113
Monthly Loan Payment
$2,743
Interest Rate
7.25%
Property Net Cash Flow
$20,993
Annual Loan Payment
$32,917
Debt Coverage Ratio
0.64

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$2,212
Title - Lender's Policy
%
$2,815
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)
$6,648
Misc.
Total Loan Closing
$16,240

Rental Income
Monthly Market Rent
$3,000
Potential Gross Rent
$36,000
Vacancy Factor
%
$1,800
Effective Gross Rent
$34,200
Property Taxes
%
$6,058
Hazard Insurance
%
$6,648
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$13,207
Net Operating Income
$20,993
Annual Loan Payment
$32,917
Net Cash Flow After Debt Service
$-11,924
Debt Coverage Ratio
0.64
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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.