127327

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
%
%
%

$41,717

Cash Out Proceeds

$16,919

Annual Net Cash Flow

$728

New Loan Payment

2.94

Debt Service Coverage

Refinance Cost
New Loan Amount
$106,688
Current Loan Payoff
$56,900
Loan Points
$2,134
Loan Closing Costs
$5,938
Total Refinance Cost
$64,971
Total Cash Out Proceeds
$41,717

Loan Terms
New Loan Amount
$106,688
Monthly Loan Payment
$728
Interest Rate
7.25%
Property Net Cash Flow
$25,653
Annual Loan Payment
$8,734
Debt Coverage Ratio
2.94

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$747
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)
$626
Misc.
Total Loan Closing
$5,938

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$1,721
Hazard Insurance
%
$626
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$2,847
Net Operating Income
$25,653
Annual Loan Payment
$8,734
Net Cash Flow After Debt Service
$16,919
Debt Coverage Ratio
2.94
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.