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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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$93,995

Cash Out Proceeds

$5,173

Annual Net Cash Flow

$1,550

New Loan Payment

1.28

Debt Service Coverage

Refinance Cost
New Loan Amount
$227,228
Current Loan Payoff
$121,200
Loan Points
$4,545
Loan Closing Costs
$7,489
Total Refinance Cost
$133,233
Total Cash Out Proceeds
$93,995

Loan Terms
New Loan Amount
$227,228
Monthly Loan Payment
$1,550
Interest Rate
7.25%
Property Net Cash Flow
$23,774
Annual Loan Payment
$18,601
Debt Coverage Ratio
1.28

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,591
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)
$1,333
Misc.
Total Loan Closing
$7,489

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$2,893
Hazard Insurance
%
$1,333
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$4,726
Net Operating Income
$23,774
Annual Loan Payment
$18,601
Net Cash Flow After Debt Service
$5,173
Debt Coverage Ratio
1.28
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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.