133300

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
%
%
%

$132,637

Cash Out Proceeds

$-3,944

Annual Net Cash Flow

$2,158

New Loan Payment

0.85

Debt Service Coverage

Refinance Cost
New Loan Amount
$316,298
Current Loan Payoff
$168,700
Loan Points
$6,326
Loan Closing Costs
$8,635
Total Refinance Cost
$183,661
Total Cash Out Proceeds
$132,637

Loan Terms
New Loan Amount
$316,298
Monthly Loan Payment
$2,158
Interest Rate
7.25%
Property Net Cash Flow
$21,948
Annual Loan Payment
$25,892
Debt Coverage Ratio
0.85

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$2,214
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)
$1,856
Misc.
Total Loan Closing
$8,635

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$4,196
Hazard Insurance
%
$1,856
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$6,552
Net Operating Income
$21,948
Annual Loan Payment
$25,892
Net Cash Flow After Debt Service
$-3,944
Debt Coverage Ratio
0.85
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.