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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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$150,703

Cash Out Proceeds

$-5,139

Annual Net Cash Flow

$2,442

New Loan Payment

0.82

Debt Service Coverage

Refinance Cost
New Loan Amount
$358,035
Current Loan Payoff
$191,000
Loan Points
$7,161
Loan Closing Costs
$9,172
Total Refinance Cost
$207,332
Total Cash Out Proceeds
$150,703

Loan Terms
New Loan Amount
$358,035
Monthly Loan Payment
$2,442
Interest Rate
7.25%
Property Net Cash Flow
$24,170
Annual Loan Payment
$29,309
Debt Coverage Ratio
0.82

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$2,506
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)
$2,100
Misc.
Total Loan Closing
$9,172

Rental Income
Monthly Market Rent
$2,700
Potential Gross Rent
$32,400
Vacancy Factor
%
$1,620
Effective Gross Rent
$30,780
Property Taxes
%
$4,010
Hazard Insurance
%
$2,100
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$6,610
Net Operating Income
$24,170
Annual Loan Payment
$29,309
Net Cash Flow After Debt Service
$-5,139
Debt Coverage Ratio
0.82
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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.