126483

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.

Want to analyze a specific property?
See Zillow® Property Page
Favorite & Email Results
%
%
%

$170,320

Cash Out Proceeds

$-4,556

Annual Net Cash Flow

$2,751

New Loan Payment

0.86

Debt Service Coverage

Refinance Cost
New Loan Amount
$403,238
Current Loan Payoff
$215,100
Loan Points
$8,065
Loan Closing Costs
$9,753
Total Refinance Cost
$232,918
Total Cash Out Proceeds
$170,320

Loan Terms
New Loan Amount
$403,238
Monthly Loan Payment
$2,751
Interest Rate
7.25%
Property Net Cash Flow
$28,453
Annual Loan Payment
$33,009
Debt Coverage Ratio
0.86

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$2,823
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)
$2,366
Misc.
Total Loan Closing
$9,753

Rental Income
Monthly Market Rent
$3,200
Potential Gross Rent
$38,400
Vacancy Factor
%
$1,920
Effective Gross Rent
$36,480
Property Taxes
%
$5,161
Hazard Insurance
%
$2,366
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$8,027
Net Operating Income
$28,453
Annual Loan Payment
$33,009
Net Cash Flow After Debt Service
$-4,556
Debt Coverage Ratio
0.86
Favorite & Email Results
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.