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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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$81,263

Cash Out Proceeds

$6,690

Annual Net Cash Flow

$1,350

New Loan Payment

1.41

Debt Service Coverage

Refinance Cost
New Loan Amount
$197,933
Current Loan Payoff
$105,600
Loan Points
$3,959
Loan Closing Costs
$7,112
Total Refinance Cost
$116,670
Total Cash Out Proceeds
$81,263

Loan Terms
New Loan Amount
$197,933
Monthly Loan Payment
$1,350
Interest Rate
7.25%
Property Net Cash Flow
$22,893
Annual Loan Payment
$16,203
Debt Coverage Ratio
1.41

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,386
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)
$1,161
Misc.
Total Loan Closing
$7,112

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$3,945
Hazard Insurance
%
$1,161
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$5,607
Net Operating Income
$22,893
Annual Loan Payment
$16,203
Net Cash Flow After Debt Service
$6,690
Debt Coverage Ratio
1.41
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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.