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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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$48,240

Cash Out Proceeds

$14,886

Annual Net Cash Flow

$831

New Loan Payment

2.49

Debt Service Coverage

Refinance Cost
New Loan Amount
$121,808
Current Loan Payoff
$65,000
Loan Points
$2,436
Loan Closing Costs
$6,132
Total Refinance Cost
$73,568
Total Cash Out Proceeds
$48,240

Loan Terms
New Loan Amount
$121,808
Monthly Loan Payment
$831
Interest Rate
7.25%
Property Net Cash Flow
$24,857
Annual Loan Payment
$9,971
Debt Coverage Ratio
2.49

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$853
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)
$715
Misc.
Total Loan Closing
$6,132

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$2,428
Hazard Insurance
%
$715
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$3,643
Net Operating Income
$24,857
Annual Loan Payment
$9,971
Net Cash Flow After Debt Service
$14,886
Debt Coverage Ratio
2.49
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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.