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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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$157,261

Cash Out Proceeds

$-7,399

Annual Net Cash Flow

$2,545

New Loan Payment

0.76

Debt Service Coverage

Refinance Cost
New Loan Amount
$373,088
Current Loan Payoff
$199,000
Loan Points
$7,462
Loan Closing Costs
$9,365
Total Refinance Cost
$215,827
Total Cash Out Proceeds
$157,261

Loan Terms
New Loan Amount
$373,088
Monthly Loan Payment
$2,545
Interest Rate
7.25%
Property Net Cash Flow
$23,142
Annual Loan Payment
$30,541
Debt Coverage Ratio
0.76

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$2,612
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)
$2,189
Misc.
Total Loan Closing
$9,365

Rental Income
Monthly Market Rent
$2,700
Potential Gross Rent
$32,400
Vacancy Factor
%
$1,620
Effective Gross Rent
$30,780
Property Taxes
%
$4,950
Hazard Insurance
%
$2,189
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$7,638
Net Operating Income
$23,142
Annual Loan Payment
$30,541
Net Cash Flow After Debt Service
$-7,399
Debt Coverage Ratio
0.76
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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.