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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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$131,667

Cash Out Proceeds

$1,093

Annual Net Cash Flow

$2,142

New Loan Payment

1.04

Debt Service Coverage

Refinance Cost
New Loan Amount
$313,950
Current Loan Payoff
$167,400
Loan Points
$6,279
Loan Closing Costs
$8,604
Total Refinance Cost
$182,283
Total Cash Out Proceeds
$131,667

Loan Terms
New Loan Amount
$313,950
Monthly Loan Payment
$2,142
Interest Rate
7.25%
Property Net Cash Flow
$26,793
Annual Loan Payment
$25,700
Debt Coverage Ratio
1.04

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$2,198
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)
$1,842
Misc.
Total Loan Closing
$8,604

Rental Income
Monthly Market Rent
$3,000
Potential Gross Rent
$36,000
Vacancy Factor
%
$1,800
Effective Gross Rent
$34,200
Property Taxes
%
$5,065
Hazard Insurance
%
$1,842
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$7,407
Net Operating Income
$26,793
Annual Loan Payment
$25,700
Net Cash Flow After Debt Service
$1,093
Debt Coverage Ratio
1.04
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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.