130327

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.

Want to analyze a specific property?
See Zillow® Property Page
Favorite & Email Results
%
%
%

$214,965

Cash Out Proceeds

$-7,244

Annual Net Cash Flow

$3,452

New Loan Payment

0.83

Debt Service Coverage

Refinance Cost

New Loan Amount
$506,063
Current Loan Payoff
$269,900
Loan Points
$10,121
Loan Closing Costs
$11,076
Total Refinance Cost
$291,098
Total Cash Out Proceeds
$214,965

Loan Terms

New Loan Amount
$506,063
Monthly Loan Payment
$3,452
Interest Rate
7.25%
Property Net Cash Flow
$34,183
Annual Loan Payment
$41,427
Debt Coverage Ratio
0.83

Closing Costs

Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$3,542
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)
$2,969
Misc.
Total Loan Closing
$11,076

Rental Income

Monthly Market Rent
$3,800
Potential Gross Rent
$45,600
Vacancy Factor
%
$2,280
Effective Gross Rent
$43,320
Property Taxes
%
$5,668
Hazard Insurance
%
$2,969
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$9,137
Net Operating Income
$34,183
Annual Loan Payment
$41,427
Net Cash Flow After Debt Service
$-7,244
Debt Coverage Ratio
0.83
Favorite & Email Results
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.