127003

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
%
%
%

$105,405

Cash Out Proceeds

$697

Annual Net Cash Flow

$1,730

New Loan Payment

1.03

Debt Service Coverage

Refinance Cost
New Loan Amount
$253,605
Current Loan Payoff
$135,300
Loan Points
$5,072
Loan Closing Costs
$7,828
Total Refinance Cost
$148,200
Total Cash Out Proceeds
$105,405

Loan Terms
New Loan Amount
$253,605
Monthly Loan Payment
$1,730
Interest Rate
7.25%
Property Net Cash Flow
$21,457
Annual Loan Payment
$20,760
Debt Coverage Ratio
1.03

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,775
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)
$1,488
Misc.
Total Loan Closing
$7,828

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$5,055
Hazard Insurance
%
$1,488
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$7,043
Net Operating Income
$21,457
Annual Loan Payment
$20,760
Net Cash Flow After Debt Service
$697
Debt Coverage Ratio
1.03
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.