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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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$58,923

Cash Out Proceeds

$12,239

Annual Net Cash Flow

$999

New Loan Payment

2.02

Debt Service Coverage

Refinance Cost
New Loan Amount
$146,400
Current Loan Payoff
$78,100
Loan Points
$2,928
Loan Closing Costs
$6,449
Total Refinance Cost
$87,477
Total Cash Out Proceeds
$58,923

Loan Terms
New Loan Amount
$146,400
Monthly Loan Payment
$999
Interest Rate
7.25%
Property Net Cash Flow
$24,223
Annual Loan Payment
$11,984
Debt Coverage Ratio
2.02

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,025
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)
$859
Misc.
Total Loan Closing
$6,449

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$2,918
Hazard Insurance
%
$859
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$4,277
Net Operating Income
$24,223
Annual Loan Payment
$11,984
Net Cash Flow After Debt Service
$12,239
Debt Coverage Ratio
2.02
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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.