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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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$22,138

Cash Out Proceeds

$13,385

Annual Net Cash Flow

$420

New Loan Payment

3.65

Debt Service Coverage

Refinance Cost
New Loan Amount
$61,628
Current Loan Payoff
$32,900
Loan Points
$1,233
Loan Closing Costs
$5,358
Total Refinance Cost
$39,490
Total Cash Out Proceeds
$22,138

Loan Terms
New Loan Amount
$61,628
Monthly Loan Payment
$420
Interest Rate
7.25%
Property Net Cash Flow
$18,430
Annual Loan Payment
$5,045
Debt Coverage Ratio
3.65

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$431
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)
$362
Misc.
Total Loan Closing
$5,358

Rental Income
Monthly Market Rent
$1,800
Potential Gross Rent
$21,600
Vacancy Factor
%
$1,080
Effective Gross Rent
$20,520
Property Taxes
%
$1,228
Hazard Insurance
%
$362
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$2,090
Net Operating Income
$18,430
Annual Loan Payment
$5,045
Net Cash Flow After Debt Service
$13,385
Debt Coverage Ratio
3.65
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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.