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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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$38,306

Cash Out Proceeds

$17,372

Annual Net Cash Flow

$673

New Loan Payment

3.15

Debt Service Coverage

Refinance Cost
New Loan Amount
$98,715
Current Loan Payoff
$52,600
Loan Points
$1,974
Loan Closing Costs
$5,835
Total Refinance Cost
$60,409
Total Cash Out Proceeds
$38,306

Loan Terms
New Loan Amount
$98,715
Monthly Loan Payment
$673
Interest Rate
7.25%
Property Net Cash Flow
$25,453
Annual Loan Payment
$8,081
Debt Coverage Ratio
3.15

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$691
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)
$579
Misc.
Total Loan Closing
$5,835

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$1,968
Hazard Insurance
%
$579
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$3,047
Net Operating Income
$25,453
Annual Loan Payment
$8,081
Net Cash Flow After Debt Service
$17,372
Debt Coverage Ratio
3.15
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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.