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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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$119,010

Cash Out Proceeds

$-4,691

Annual Net Cash Flow

$1,944

New Loan Payment

0.8

Debt Service Coverage

Refinance Cost
New Loan Amount
$284,940
Current Loan Payoff
$152,000
Loan Points
$5,699
Loan Closing Costs
$8,231
Total Refinance Cost
$165,930
Total Cash Out Proceeds
$119,010

Loan Terms
New Loan Amount
$284,940
Monthly Loan Payment
$1,944
Interest Rate
7.25%
Property Net Cash Flow
$18,635
Annual Loan Payment
$23,326
Debt Coverage Ratio
0.8

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,995
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)
$1,672
Misc.
Total Loan Closing
$8,231

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$7,693
Hazard Insurance
%
$1,672
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$9,865
Net Operating Income
$18,635
Annual Loan Payment
$23,326
Net Cash Flow After Debt Service
$-4,691
Debt Coverage Ratio
0.8
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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.