127126

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.

Want to analyze a specific property?
See Zillow® Property Page
Favorite & Email Results
%
%
%

$87,663

Cash Out Proceeds

$6,778

Annual Net Cash Flow

$1,450

New Loan Payment

1.39

Debt Service Coverage

Refinance Cost
New Loan Amount
$212,513
Current Loan Payoff
$113,300
Loan Points
$4,250
Loan Closing Costs
$7,299
Total Refinance Cost
$124,850
Total Cash Out Proceeds
$87,663

Loan Terms
New Loan Amount
$212,513
Monthly Loan Payment
$1,450
Interest Rate
7.25%
Property Net Cash Flow
$24,175
Annual Loan Payment
$17,397
Debt Coverage Ratio
1.39

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,488
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)
$1,247
Misc.
Total Loan Closing
$7,299

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$2,578
Hazard Insurance
%
$1,247
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$4,325
Net Operating Income
$24,175
Annual Loan Payment
$17,397
Net Cash Flow After Debt Service
$6,778
Debt Coverage Ratio
1.39
Favorite & Email Results
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.