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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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$40,695

Cash Out Proceeds

$16,425

Annual Net Cash Flow

$711

New Loan Payment

2.92

Debt Service Coverage

Refinance Cost
New Loan Amount
$104,288
Current Loan Payoff
$55,600
Loan Points
$2,086
Loan Closing Costs
$5,907
Total Refinance Cost
$63,593
Total Cash Out Proceeds
$40,695

Loan Terms
New Loan Amount
$104,288
Monthly Loan Payment
$711
Interest Rate
7.25%
Property Net Cash Flow
$24,962
Annual Loan Payment
$8,537
Debt Coverage Ratio
2.92

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$730
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)
$612
Misc.
Total Loan Closing
$5,907

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$2,426
Hazard Insurance
%
$612
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$3,538
Net Operating Income
$24,962
Annual Loan Payment
$8,537
Net Cash Flow After Debt Service
$16,425
Debt Coverage Ratio
2.92
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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.