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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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$101,729

Cash Out Proceeds

$3,251

Annual Net Cash Flow

$1,672

New Loan Payment

1.16

Debt Service Coverage

Refinance Cost

New Loan Amount
$245,048
Current Loan Payoff
$130,700
Loan Points
$4,901
Loan Closing Costs
$7,718
Total Refinance Cost
$143,319
Total Cash Out Proceeds
$101,729

Loan Terms

New Loan Amount
$245,048
Monthly Loan Payment
$1,672
Interest Rate
7.25%
Property Net Cash Flow
$23,311
Annual Loan Payment
$20,060
Debt Coverage Ratio
1.16

Closing Costs

Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,715
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)
$1,438
Misc.
Total Loan Closing
$7,718

Rental Income

Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$3,251
Hazard Insurance
%
$1,438
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$5,189
Net Operating Income
$23,311
Annual Loan Payment
$20,060
Net Cash Flow After Debt Service
$3,251
Debt Coverage Ratio
1.16
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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.