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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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$49,340

Cash Out Proceeds

$14,618

Annual Net Cash Flow

$848

New Loan Payment

2.44

Debt Service Coverage

Refinance Cost
New Loan Amount
$124,290
Current Loan Payoff
$66,300
Loan Points
$2,486
Loan Closing Costs
$6,164
Total Refinance Cost
$74,950
Total Cash Out Proceeds
$49,340

Loan Terms
New Loan Amount
$124,290
Monthly Loan Payment
$848
Interest Rate
7.25%
Property Net Cash Flow
$24,793
Annual Loan Payment
$10,175
Debt Coverage Ratio
2.44

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$870
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)
$729
Misc.
Total Loan Closing
$6,164

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$2,478
Hazard Insurance
%
$729
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$3,707
Net Operating Income
$24,793
Annual Loan Payment
$10,175
Net Cash Flow After Debt Service
$14,618
Debt Coverage Ratio
2.44
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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.