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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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$97,373

Cash Out Proceeds

$2,704

Annual Net Cash Flow

$1,603

New Loan Payment

1.14

Debt Service Coverage

Refinance Cost
New Loan Amount
$234,960
Current Loan Payoff
$125,300
Loan Points
$4,699
Loan Closing Costs
$7,588
Total Refinance Cost
$137,587
Total Cash Out Proceeds
$97,373

Loan Terms
New Loan Amount
$234,960
Monthly Loan Payment
$1,603
Interest Rate
7.25%
Property Net Cash Flow
$21,938
Annual Loan Payment
$19,234
Debt Coverage Ratio
1.14

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,645
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)
$1,378
Misc.
Total Loan Closing
$7,588

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$4,684
Hazard Insurance
%
$1,378
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$6,562
Net Operating Income
$21,938
Annual Loan Payment
$19,234
Net Cash Flow After Debt Service
$2,704
Debt Coverage Ratio
1.14
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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.