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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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$54,611

Cash Out Proceeds

$11,975

Annual Net Cash Flow

$930

New Loan Payment

2.07

Debt Service Coverage

Refinance Cost
New Loan Amount
$136,358
Current Loan Payoff
$72,700
Loan Points
$2,727
Loan Closing Costs
$6,319
Total Refinance Cost
$81,747
Total Cash Out Proceeds
$54,611

Loan Terms
New Loan Amount
$136,358
Monthly Loan Payment
$930
Interest Rate
7.25%
Property Net Cash Flow
$23,137
Annual Loan Payment
$11,162
Debt Coverage Ratio
2.07

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$955
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)
$800
Misc.
Total Loan Closing
$6,319

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$4,063
Hazard Insurance
%
$800
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$5,363
Net Operating Income
$23,137
Annual Loan Payment
$11,162
Net Cash Flow After Debt Service
$11,975
Debt Coverage Ratio
2.07
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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.