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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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$103,325

Cash Out Proceeds

$-3,527

Annual Net Cash Flow

$1,696

New Loan Payment

0.83

Debt Service Coverage

Refinance Cost
New Loan Amount
$248,663
Current Loan Payoff
$132,600
Loan Points
$4,973
Loan Closing Costs
$7,764
Total Refinance Cost
$145,338
Total Cash Out Proceeds
$103,325

Loan Terms
New Loan Amount
$248,663
Monthly Loan Payment
$1,696
Interest Rate
7.25%
Property Net Cash Flow
$16,829
Annual Loan Payment
$20,356
Debt Coverage Ratio
0.83

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,741
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)
$1,459
Misc.
Total Loan Closing
$7,764

Rental Income
Monthly Market Rent
$2,000
Potential Gross Rent
$24,000
Vacancy Factor
%
$1,200
Effective Gross Rent
$22,800
Property Taxes
%
$4,012
Hazard Insurance
%
$1,459
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$5,971
Net Operating Income
$16,829
Annual Loan Payment
$20,356
Net Cash Flow After Debt Service
$-3,527
Debt Coverage Ratio
0.83
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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.