126959

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
%
%
%

$57,599

Cash Out Proceeds

$4,596

Annual Net Cash Flow

$977

New Loan Payment

1.39

Debt Service Coverage

Refinance Cost
New Loan Amount
$143,273
Current Loan Payoff
$76,400
Loan Points
$2,865
Loan Closing Costs
$6,408
Total Refinance Cost
$85,674
Total Cash Out Proceeds
$57,599

Loan Terms
New Loan Amount
$143,273
Monthly Loan Payment
$977
Interest Rate
7.25%
Property Net Cash Flow
$16,324
Annual Loan Payment
$11,728
Debt Coverage Ratio
1.39

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,003
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)
$841
Misc.
Total Loan Closing
$6,408

Rental Income
Monthly Market Rent
$1,800
Potential Gross Rent
$21,600
Vacancy Factor
%
$1,080
Effective Gross Rent
$20,520
Property Taxes
%
$2,856
Hazard Insurance
%
$841
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$4,196
Net Operating Income
$16,324
Annual Loan Payment
$11,728
Net Cash Flow After Debt Service
$4,596
Debt Coverage Ratio
1.39
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.