131425

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
%
%
%

$116,480

Cash Out Proceeds

$1,381

Annual Net Cash Flow

$1,903

New Loan Payment

1.06

Debt Service Coverage

Refinance Cost
New Loan Amount
$279,015
Current Loan Payoff
$148,800
Loan Points
$5,580
Loan Closing Costs
$8,155
Total Refinance Cost
$162,535
Total Cash Out Proceeds
$116,480

Loan Terms
New Loan Amount
$279,015
Monthly Loan Payment
$1,903
Interest Rate
7.25%
Property Net Cash Flow
$24,221
Annual Loan Payment
$22,840
Debt Coverage Ratio
1.06

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,953
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)
$1,637
Misc.
Total Loan Closing
$8,155

Rental Income
Monthly Market Rent
$2,800
Potential Gross Rent
$33,600
Vacancy Factor
%
$1,680
Effective Gross Rent
$31,920
Property Taxes
%
$5,562
Hazard Insurance
%
$1,637
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$7,699
Net Operating Income
$24,221
Annual Loan Payment
$22,840
Net Cash Flow After Debt Service
$1,381
Debt Coverage Ratio
1.06
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.