127232

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
%
%
%

$65,313

Cash Out Proceeds

$11,765

Annual Net Cash Flow

$1,100

New Loan Payment

1.89

Debt Service Coverage

Refinance Cost
New Loan Amount
$161,175
Current Loan Payoff
$86,000
Loan Points
$3,224
Loan Closing Costs
$6,639
Total Refinance Cost
$95,862
Total Cash Out Proceeds
$65,313

Loan Terms
New Loan Amount
$161,175
Monthly Loan Payment
$1,100
Interest Rate
7.25%
Property Net Cash Flow
$24,959
Annual Loan Payment
$13,194
Debt Coverage Ratio
1.89

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,128
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)
$946
Misc.
Total Loan Closing
$6,639

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$2,095
Hazard Insurance
%
$946
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$3,541
Net Operating Income
$24,959
Annual Loan Payment
$13,194
Net Cash Flow After Debt Service
$11,765
Debt Coverage Ratio
1.89
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.