131016

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
%
%
%

$270,557

Cash Out Proceeds

$-18,887

Annual Net Cash Flow

$4,327

New Loan Payment

0.64

Debt Service Coverage

Refinance Cost
New Loan Amount
$634,268
Current Loan Payoff
$338,300
Loan Points
$12,685
Loan Closing Costs
$12,726
Total Refinance Cost
$363,711
Total Cash Out Proceeds
$270,557

Loan Terms
New Loan Amount
$634,268
Monthly Loan Payment
$4,327
Interest Rate
7.25%
Property Net Cash Flow
$33,035
Annual Loan Payment
$51,922
Debt Coverage Ratio
0.64

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$4,440
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)
$3,721
Misc.
Total Loan Closing
$12,726

Rental Income
Monthly Market Rent
$4,800
Potential Gross Rent
$57,600
Vacancy Factor
%
$2,880
Effective Gross Rent
$54,720
Property Taxes
%
$17,463
Hazard Insurance
%
$3,721
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$21,685
Net Operating Income
$33,035
Annual Loan Payment
$51,922
Net Cash Flow After Debt Service
$-18,887
Debt Coverage Ratio
0.64
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.