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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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$59,870

Cash Out Proceeds

$3,950

Annual Net Cash Flow

$1,014

New Loan Payment

1.32

Debt Service Coverage

Refinance Cost
New Loan Amount
$148,620
Current Loan Payoff
$79,300
Loan Points
$2,972
Loan Closing Costs
$6,477
Total Refinance Cost
$88,750
Total Cash Out Proceeds
$59,870

Loan Terms
New Loan Amount
$148,620
Monthly Loan Payment
$1,014
Interest Rate
7.25%
Property Net Cash Flow
$16,116
Annual Loan Payment
$12,166
Debt Coverage Ratio
1.32

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,040
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)
$872
Misc.
Total Loan Closing
$6,477

Rental Income
Monthly Market Rent
$1,700
Potential Gross Rent
$20,400
Vacancy Factor
%
$1,020
Effective Gross Rent
$19,380
Property Taxes
%
$1,892
Hazard Insurance
%
$872
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$3,264
Net Operating Income
$16,116
Annual Loan Payment
$12,166
Net Cash Flow After Debt Service
$3,950
Debt Coverage Ratio
1.32
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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.