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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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$158,967

Cash Out Proceeds

$-6,220

Annual Net Cash Flow

$2,571

New Loan Payment

0.8

Debt Service Coverage

Refinance Cost
New Loan Amount
$376,920
Current Loan Payoff
$201,000
Loan Points
$7,538
Loan Closing Costs
$9,415
Total Refinance Cost
$217,953
Total Cash Out Proceeds
$158,967

Loan Terms
New Loan Amount
$376,920
Monthly Loan Payment
$2,571
Interest Rate
7.25%
Property Net Cash Flow
$24,635
Annual Loan Payment
$30,855
Debt Coverage Ratio
0.8

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$2,638
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)
$2,211
Misc.
Total Loan Closing
$9,415

Rental Income
Monthly Market Rent
$2,800
Potential Gross Rent
$33,600
Vacancy Factor
%
$1,680
Effective Gross Rent
$31,920
Property Taxes
%
$4,573
Hazard Insurance
%
$2,211
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$7,285
Net Operating Income
$24,635
Annual Loan Payment
$30,855
Net Cash Flow After Debt Service
$-6,220
Debt Coverage Ratio
0.8
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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.