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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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$57,667

Cash Out Proceeds

$8,981

Annual Net Cash Flow

$979

New Loan Payment

1.76

Debt Service Coverage

Refinance Cost

New Loan Amount
$143,550
Current Loan Payoff
$76,600
Loan Points
$2,871
Loan Closing Costs
$6,412
Total Refinance Cost
$85,883
Total Cash Out Proceeds
$57,667

Loan Terms

New Loan Amount
$143,550
Monthly Loan Payment
$979
Interest Rate
7.25%
Property Net Cash Flow
$20,732
Annual Loan Payment
$11,751
Debt Coverage Ratio
1.76

Closing Costs

Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,005
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)
$842
Misc.
Total Loan Closing
$6,412

Rental Income

Monthly Market Rent
$2,100
Potential Gross Rent
$25,200
Vacancy Factor
%
$1,260
Effective Gross Rent
$23,940
Property Taxes
%
$1,866
Hazard Insurance
%
$842
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$3,208
Net Operating Income
$20,732
Annual Loan Payment
$11,751
Net Cash Flow After Debt Service
$8,981
Debt Coverage Ratio
1.76
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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.