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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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$57,480

Cash Out Proceeds

$163

Annual Net Cash Flow

$975

New Loan Payment

1.01

Debt Service Coverage

Refinance Cost
New Loan Amount
$142,943
Current Loan Payoff
$76,200
Loan Points
$2,859
Loan Closing Costs
$6,404
Total Refinance Cost
$85,463
Total Cash Out Proceeds
$57,480

Loan Terms
New Loan Amount
$142,943
Monthly Loan Payment
$975
Interest Rate
7.25%
Property Net Cash Flow
$11,864
Annual Loan Payment
$11,701
Debt Coverage Ratio
1.01

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,001
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)
$839
Misc.
Total Loan Closing
$6,404

Rental Income
Monthly Market Rent
$1,500
Potential Gross Rent
$18,000
Vacancy Factor
%
$900
Effective Gross Rent
$17,100
Property Taxes
%
$3,898
Hazard Insurance
%
$839
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$5,236
Net Operating Income
$11,864
Annual Loan Payment
$11,701
Net Cash Flow After Debt Service
$163
Debt Coverage Ratio
1.01
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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.