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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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$41,466

Cash Out Proceeds

$3,835

Annual Net Cash Flow

$740

New Loan Payment

1.43

Debt Service Coverage

Refinance Cost
New Loan Amount
$108,510
Current Loan Payoff
$57,900
Loan Points
$2,170
Loan Closing Costs
$6,974
Total Refinance Cost
$67,044
Total Cash Out Proceeds
$41,466

Loan Terms
New Loan Amount
$108,510
Monthly Loan Payment
$740
Interest Rate
7.25%
Property Net Cash Flow
$12,718
Annual Loan Payment
$8,883
Debt Coverage Ratio
1.43

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$760
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)
$1,649
Misc.
Total Loan Closing
$6,974

Rental Income
Monthly Market Rent
$1,400
Potential Gross Rent
$16,800
Vacancy Factor
%
$840
Effective Gross Rent
$15,960
Property Taxes
%
$1,092
Hazard Insurance
%
$1,649
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$3,242
Net Operating Income
$12,718
Annual Loan Payment
$8,883
Net Cash Flow After Debt Service
$3,835
Debt Coverage Ratio
1.43
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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.