131083

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
%
%
%

$66,562

Cash Out Proceeds

$10,341

Annual Net Cash Flow

$1,119

New Loan Payment

1.77

Debt Service Coverage

Refinance Cost
New Loan Amount
$164,018
Current Loan Payoff
$87,500
Loan Points
$3,280
Loan Closing Costs
$6,675
Total Refinance Cost
$97,456
Total Cash Out Proceeds
$66,562

Loan Terms
New Loan Amount
$164,018
Monthly Loan Payment
$1,119
Interest Rate
7.25%
Property Net Cash Flow
$23,768
Annual Loan Payment
$13,427
Debt Coverage Ratio
1.77

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,148
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)
$962
Misc.
Total Loan Closing
$6,675

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$3,269
Hazard Insurance
%
$962
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$4,732
Net Operating Income
$23,768
Annual Loan Payment
$13,427
Net Cash Flow After Debt Service
$10,341
Debt Coverage Ratio
1.77
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.