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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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$59,715

Cash Out Proceeds

$9,067

Annual Net Cash Flow

$1,011

New Loan Payment

1.75

Debt Service Coverage

Refinance Cost
New Loan Amount
$148,253
Current Loan Payoff
$79,100
Loan Points
$2,965
Loan Closing Costs
$6,473
Total Refinance Cost
$88,538
Total Cash Out Proceeds
$59,715

Loan Terms
New Loan Amount
$148,253
Monthly Loan Payment
$1,011
Interest Rate
7.25%
Property Net Cash Flow
$21,203
Annual Loan Payment
$12,136
Debt Coverage Ratio
1.75

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,038
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)
$870
Misc.
Total Loan Closing
$6,473

Rental Income
Monthly Market Rent
$2,300
Potential Gross Rent
$27,600
Vacancy Factor
%
$1,380
Effective Gross Rent
$26,220
Property Taxes
%
$3,647
Hazard Insurance
%
$870
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$5,017
Net Operating Income
$21,203
Annual Loan Payment
$12,136
Net Cash Flow After Debt Service
$9,067
Debt Coverage Ratio
1.75
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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.