128213

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.

Want to analyze a specific property?
See Zillow® Property Page
Favorite & Email Results
%
%
%

$52,357

Cash Out Proceeds

$14,335

Annual Net Cash Flow

$895

New Loan Payment

2.33

Debt Service Coverage

Refinance Cost
New Loan Amount
$131,235
Current Loan Payoff
$70,000
Loan Points
$2,625
Loan Closing Costs
$6,254
Total Refinance Cost
$78,878
Total Cash Out Proceeds
$52,357

Loan Terms
New Loan Amount
$131,235
Monthly Loan Payment
$895
Interest Rate
7.25%
Property Net Cash Flow
$25,078
Annual Loan Payment
$10,743
Debt Coverage Ratio
2.33

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$919
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)
$770
Misc.
Total Loan Closing
$6,254

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$2,152
Hazard Insurance
%
$770
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$3,422
Net Operating Income
$25,078
Annual Loan Payment
$10,743
Net Cash Flow After Debt Service
$14,335
Debt Coverage Ratio
2.33
Favorite & Email Results
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.