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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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$47,823

Cash Out Proceeds

$15,010

Annual Net Cash Flow

$823

New Loan Payment

2.52

Debt Service Coverage

Refinance Cost
New Loan Amount
$120,653
Current Loan Payoff
$64,300
Loan Points
$2,413
Loan Closing Costs
$6,117
Total Refinance Cost
$72,830
Total Cash Out Proceeds
$47,823

Loan Terms
New Loan Amount
$120,653
Monthly Loan Payment
$823
Interest Rate
7.25%
Property Net Cash Flow
$24,887
Annual Loan Payment
$9,877
Debt Coverage Ratio
2.52

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$845
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)
$708
Misc.
Total Loan Closing
$6,117

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$2,405
Hazard Insurance
%
$708
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$3,613
Net Operating Income
$24,887
Annual Loan Payment
$9,877
Net Cash Flow After Debt Service
$15,010
Debt Coverage Ratio
2.52
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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.