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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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$42,100

Cash Out Proceeds

$16,971

Annual Net Cash Flow

$733

New Loan Payment

2.93

Debt Service Coverage

Refinance Cost
New Loan Amount
$107,498
Current Loan Payoff
$57,300
Loan Points
$2,150
Loan Closing Costs
$5,948
Total Refinance Cost
$65,398
Total Cash Out Proceeds
$42,100

Loan Terms
New Loan Amount
$107,498
Monthly Loan Payment
$733
Interest Rate
7.25%
Property Net Cash Flow
$25,771
Annual Loan Payment
$8,800
Debt Coverage Ratio
2.93

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$752
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)
$631
Misc.
Total Loan Closing
$5,948

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$1,598
Hazard Insurance
%
$631
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$2,729
Net Operating Income
$25,771
Annual Loan Payment
$8,800
Net Cash Flow After Debt Service
$16,971
Debt Coverage Ratio
2.93
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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.