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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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$53,747

Cash Out Proceeds

$14,002

Annual Net Cash Flow

$917

New Loan Payment

2.27

Debt Service Coverage

Refinance Cost
New Loan Amount
$134,430
Current Loan Payoff
$71,700
Loan Points
$2,689
Loan Closing Costs
$6,295
Total Refinance Cost
$80,683
Total Cash Out Proceeds
$53,747

Loan Terms
New Loan Amount
$134,430
Monthly Loan Payment
$917
Interest Rate
7.25%
Property Net Cash Flow
$25,007
Annual Loan Payment
$11,005
Debt Coverage Ratio
2.27

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$941
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)
$789
Misc.
Total Loan Closing
$6,295

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$2,205
Hazard Insurance
%
$789
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$3,493
Net Operating Income
$25,007
Annual Loan Payment
$11,005
Net Cash Flow After Debt Service
$14,002
Debt Coverage Ratio
2.27
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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.