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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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$46,019

Cash Out Proceeds

$10,896

Annual Net Cash Flow

$795

New Loan Payment

2.14

Debt Service Coverage

Refinance Cost
New Loan Amount
$116,513
Current Loan Payoff
$62,100
Loan Points
$2,330
Loan Closing Costs
$6,064
Total Refinance Cost
$70,494
Total Cash Out Proceeds
$46,019

Loan Terms
New Loan Amount
$116,513
Monthly Loan Payment
$795
Interest Rate
7.25%
Property Net Cash Flow
$20,434
Annual Loan Payment
$9,538
Debt Coverage Ratio
2.14

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$816
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)
$684
Misc.
Total Loan Closing
$6,064

Rental Income
Monthly Market Rent
$2,100
Potential Gross Rent
$25,200
Vacancy Factor
%
$1,260
Effective Gross Rent
$23,940
Property Taxes
%
$2,322
Hazard Insurance
%
$684
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$3,506
Net Operating Income
$20,434
Annual Loan Payment
$9,538
Net Cash Flow After Debt Service
$10,896
Debt Coverage Ratio
2.14
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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.