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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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$59,382

Cash Out Proceeds

$4,888

Annual Net Cash Flow

$1,006

New Loan Payment

1.4

Debt Service Coverage

Refinance Cost
New Loan Amount
$147,495
Current Loan Payoff
$78,700
Loan Points
$2,950
Loan Closing Costs
$6,463
Total Refinance Cost
$88,113
Total Cash Out Proceeds
$59,382

Loan Terms
New Loan Amount
$147,495
Monthly Loan Payment
$1,006
Interest Rate
7.25%
Property Net Cash Flow
$16,962
Annual Loan Payment
$12,074
Debt Coverage Ratio
1.4

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,032
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)
$865
Misc.
Total Loan Closing
$6,463

Rental Income
Monthly Market Rent
$1,800
Potential Gross Rent
$21,600
Vacancy Factor
%
$1,080
Effective Gross Rent
$20,520
Property Taxes
%
$2,193
Hazard Insurance
%
$865
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$3,558
Net Operating Income
$16,962
Annual Loan Payment
$12,074
Net Cash Flow After Debt Service
$4,888
Debt Coverage Ratio
1.4
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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.