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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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$90,814

Cash Out Proceeds

$6,264

Annual Net Cash Flow

$1,499

New Loan Payment

1.35

Debt Service Coverage

Refinance Cost
New Loan Amount
$219,803
Current Loan Payoff
$117,200
Loan Points
$4,396
Loan Closing Costs
$7,393
Total Refinance Cost
$128,989
Total Cash Out Proceeds
$90,814

Loan Terms
New Loan Amount
$219,803
Monthly Loan Payment
$1,499
Interest Rate
7.25%
Property Net Cash Flow
$24,257
Annual Loan Payment
$17,993
Debt Coverage Ratio
1.35

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,539
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)
$1,290
Misc.
Total Loan Closing
$7,393

Rental Income
Monthly Market Rent
$2,700
Potential Gross Rent
$32,400
Vacancy Factor
%
$1,620
Effective Gross Rent
$30,780
Property Taxes
%
$4,733
Hazard Insurance
%
$1,290
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$6,523
Net Operating Income
$24,257
Annual Loan Payment
$17,993
Net Cash Flow After Debt Service
$6,264
Debt Coverage Ratio
1.35
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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.