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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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$72,923

Cash Out Proceeds

$5,815

Annual Net Cash Flow

$1,265

New Loan Payment

1.38

Debt Service Coverage

Refinance Cost
New Loan Amount
$185,483
Current Loan Payoff
$98,900
Loan Points
$3,710
Loan Closing Costs
$9,950
Total Refinance Cost
$112,560
Total Cash Out Proceeds
$72,923

Loan Terms
New Loan Amount
$185,483
Monthly Loan Payment
$1,265
Interest Rate
7.25%
Property Net Cash Flow
$20,999
Annual Loan Payment
$15,184
Debt Coverage Ratio
1.38

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$1,020
Title - Lender's Policy
%
$1,298
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)
$3,067
Misc.
Total Loan Closing
$9,950

Rental Income
Monthly Market Rent
$2,400
Potential Gross Rent
$28,800
Vacancy Factor
%
$1,440
Effective Gross Rent
$27,360
Property Taxes
%
$2,795
Hazard Insurance
%
$3,067
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$6,361
Net Operating Income
$20,999
Annual Loan Payment
$15,184
Net Cash Flow After Debt Service
$5,815
Debt Coverage Ratio
1.38
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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.