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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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$162,650

Cash Out Proceeds

$-8,549

Annual Net Cash Flow

$2,630

New Loan Payment

0.73

Debt Service Coverage

Refinance Cost
New Loan Amount
$385,485
Current Loan Payoff
$205,600
Loan Points
$7,710
Loan Closing Costs
$9,525
Total Refinance Cost
$222,835
Total Cash Out Proceeds
$162,650

Loan Terms
New Loan Amount
$385,485
Monthly Loan Payment
$2,630
Interest Rate
7.25%
Property Net Cash Flow
$23,007
Annual Loan Payment
$31,556
Debt Coverage Ratio
0.73

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$2,698
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)
$2,262
Misc.
Total Loan Closing
$9,525

Rental Income
Monthly Market Rent
$2,700
Potential Gross Rent
$32,400
Vacancy Factor
%
$1,620
Effective Gross Rent
$30,780
Property Taxes
%
$5,011
Hazard Insurance
%
$2,262
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$7,773
Net Operating Income
$23,007
Annual Loan Payment
$31,556
Net Cash Flow After Debt Service
$-8,549
Debt Coverage Ratio
0.73
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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.