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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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$40,805

Cash Out Proceeds

$1,929

Annual Net Cash Flow

$713

New Loan Payment

1.23

Debt Service Coverage

Refinance Cost
New Loan Amount
$104,505
Current Loan Payoff
$55,700
Loan Points
$2,090
Loan Closing Costs
$5,910
Total Refinance Cost
$63,700
Total Cash Out Proceeds
$40,805

Loan Terms
New Loan Amount
$104,505
Monthly Loan Payment
$713
Interest Rate
7.25%
Property Net Cash Flow
$10,484
Annual Loan Payment
$8,555
Debt Coverage Ratio
1.23

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$732
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)
$613
Misc.
Total Loan Closing
$5,910

Rental Income
Monthly Market Rent
$1,200
Potential Gross Rent
$14,400
Vacancy Factor
%
$720
Effective Gross Rent
$13,680
Property Taxes
%
$2,083
Hazard Insurance
%
$613
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$3,196
Net Operating Income
$10,484
Annual Loan Payment
$8,555
Net Cash Flow After Debt Service
$1,929
Debt Coverage Ratio
1.23
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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.