131145

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
%
%
%

$162,313

Cash Out Proceeds

$-9,368

Annual Net Cash Flow

$2,727

New Loan Payment

0.71

Debt Service Coverage

Refinance Cost
New Loan Amount
$399,675
Current Loan Payoff
$213,200
Loan Points
$7,994
Loan Closing Costs
$16,169
Total Refinance Cost
$237,362
Total Cash Out Proceeds
$162,313

Loan Terms
New Loan Amount
$399,675
Monthly Loan Payment
$2,727
Interest Rate
7.25%
Property Net Cash Flow
$23,350
Annual Loan Payment
$32,718
Debt Coverage Ratio
0.71

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$2,198
Title - Lender's Policy
%
$2,798
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)
$6,608
Misc.
Total Loan Closing
$16,169

Rental Income
Monthly Market Rent
$3,200
Potential Gross Rent
$38,400
Vacancy Factor
%
$1,920
Effective Gross Rent
$36,480
Property Taxes
%
$6,022
Hazard Insurance
%
$6,608
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$13,130
Net Operating Income
$23,350
Annual Loan Payment
$32,718
Net Cash Flow After Debt Service
$-9,368
Debt Coverage Ratio
0.71
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.