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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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$218,398

Cash Out Proceeds

$-18,971

Annual Net Cash Flow

$3,507

New Loan Payment

0.55

Debt Service Coverage

Refinance Cost
New Loan Amount
$514,058
Current Loan Payoff
$274,200
Loan Points
$10,281
Loan Closing Costs
$11,179
Total Refinance Cost
$295,660
Total Cash Out Proceeds
$218,398

Loan Terms
New Loan Amount
$514,058
Monthly Loan Payment
$3,507
Interest Rate
7.25%
Property Net Cash Flow
$23,110
Annual Loan Payment
$42,081
Debt Coverage Ratio
0.55

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$3,598
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)
$3,016
Misc.
Total Loan Closing
$11,179

Rental Income
Monthly Market Rent
$3,000
Potential Gross Rent
$36,000
Vacancy Factor
%
$1,800
Effective Gross Rent
$34,200
Property Taxes
%
$7,574
Hazard Insurance
%
$3,016
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$11,090
Net Operating Income
$23,110
Annual Loan Payment
$42,081
Net Cash Flow After Debt Service
$-18,971
Debt Coverage Ratio
0.55
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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.