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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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$50,960

Cash Out Proceeds

$14,216

Annual Net Cash Flow

$873

New Loan Payment

2.36

Debt Service Coverage

Refinance Cost
New Loan Amount
$128,033
Current Loan Payoff
$68,300
Loan Points
$2,561
Loan Closing Costs
$6,212
Total Refinance Cost
$77,073
Total Cash Out Proceeds
$50,960

Loan Terms
New Loan Amount
$128,033
Monthly Loan Payment
$873
Interest Rate
7.25%
Property Net Cash Flow
$24,697
Annual Loan Payment
$10,481
Debt Coverage Ratio
2.36

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$896
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)
$751
Misc.
Total Loan Closing
$6,212

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$2,552
Hazard Insurance
%
$751
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$3,803
Net Operating Income
$24,697
Annual Loan Payment
$10,481
Net Cash Flow After Debt Service
$14,216
Debt Coverage Ratio
2.36
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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.