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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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$82,924

Cash Out Proceeds

$2,355

Annual Net Cash Flow

$1,375

New Loan Payment

1.14

Debt Service Coverage

Refinance Cost
New Loan Amount
$201,615
Current Loan Payoff
$107,500
Loan Points
$4,032
Loan Closing Costs
$7,159
Total Refinance Cost
$118,691
Total Cash Out Proceeds
$82,924

Loan Terms
New Loan Amount
$201,615
Monthly Loan Payment
$1,375
Interest Rate
7.25%
Property Net Cash Flow
$18,859
Annual Loan Payment
$16,504
Debt Coverage Ratio
1.14

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,411
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)
$1,183
Misc.
Total Loan Closing
$7,159

Rental Income
Monthly Market Rent
$2,000
Potential Gross Rent
$24,000
Vacancy Factor
%
$1,200
Effective Gross Rent
$22,800
Property Taxes
%
$2,258
Hazard Insurance
%
$1,183
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$3,941
Net Operating Income
$18,859
Annual Loan Payment
$16,504
Net Cash Flow After Debt Service
$2,355
Debt Coverage Ratio
1.14
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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.