133133

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
%
%
%

$149,504

Cash Out Proceeds

$-9,018

Annual Net Cash Flow

$2,423

New Loan Payment

0.69

Debt Service Coverage

Refinance Cost
New Loan Amount
$355,245
Current Loan Payoff
$189,500
Loan Points
$7,105
Loan Closing Costs
$9,136
Total Refinance Cost
$205,741
Total Cash Out Proceeds
$149,504

Loan Terms
New Loan Amount
$355,245
Monthly Loan Payment
$2,423
Interest Rate
7.25%
Property Net Cash Flow
$20,063
Annual Loan Payment
$29,081
Debt Coverage Ratio
0.69

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$2,487
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)
$2,084
Misc.
Total Loan Closing
$9,136

Rental Income
Monthly Market Rent
$2,400
Potential Gross Rent
$28,800
Vacancy Factor
%
$1,440
Effective Gross Rent
$27,360
Property Taxes
%
$4,713
Hazard Insurance
%
$2,084
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$7,297
Net Operating Income
$20,063
Annual Loan Payment
$29,081
Net Cash Flow After Debt Service
$-9,018
Debt Coverage Ratio
0.69
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.