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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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$178,282

Cash Out Proceeds

$251

Annual Net Cash Flow

$2,875

New Loan Payment

1.01

Debt Service Coverage

Refinance Cost
New Loan Amount
$421,500
Current Loan Payoff
$224,800
Loan Points
$8,430
Loan Closing Costs
$9,988
Total Refinance Cost
$243,218
Total Cash Out Proceeds
$178,282

Loan Terms
New Loan Amount
$421,500
Monthly Loan Payment
$2,875
Interest Rate
7.25%
Property Net Cash Flow
$34,755
Annual Loan Payment
$34,504
Debt Coverage Ratio
1.01

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$2,951
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)
$2,473
Misc.
Total Loan Closing
$9,988

Rental Income
Monthly Market Rent
$3,800
Potential Gross Rent
$45,600
Vacancy Factor
%
$2,280
Effective Gross Rent
$43,320
Property Taxes
%
$5,592
Hazard Insurance
%
$2,473
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$8,565
Net Operating Income
$34,755
Annual Loan Payment
$34,504
Net Cash Flow After Debt Service
$251
Debt Coverage Ratio
1.01
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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.