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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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$32,435

Cash Out Proceeds

$9,485

Annual Net Cash Flow

$581

New Loan Payment

2.36

Debt Service Coverage

Refinance Cost
New Loan Amount
$85,200
Current Loan Payoff
$45,400
Loan Points
$1,704
Loan Closing Costs
$5,661
Total Refinance Cost
$52,765
Total Cash Out Proceeds
$32,435

Loan Terms
New Loan Amount
$85,200
Monthly Loan Payment
$581
Interest Rate
7.25%
Property Net Cash Flow
$16,460
Annual Loan Payment
$6,975
Debt Coverage Ratio
2.36

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$596
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)
$500
Misc.
Total Loan Closing
$5,661

Rental Income
Monthly Market Rent
$1,700
Potential Gross Rent
$20,400
Vacancy Factor
%
$1,020
Effective Gross Rent
$19,380
Property Taxes
%
$1,920
Hazard Insurance
%
$500
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$2,920
Net Operating Income
$16,460
Annual Loan Payment
$6,975
Net Cash Flow After Debt Service
$9,485
Debt Coverage Ratio
2.36
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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.