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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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$180,258

Cash Out Proceeds

$-13,896

Annual Net Cash Flow

$2,907

New Loan Payment

0.6

Debt Service Coverage

Refinance Cost
New Loan Amount
$426,128
Current Loan Payoff
$227,300
Loan Points
$8,523
Loan Closing Costs
$10,048
Total Refinance Cost
$245,870
Total Cash Out Proceeds
$180,258

Loan Terms
New Loan Amount
$426,128
Monthly Loan Payment
$2,907
Interest Rate
7.25%
Property Net Cash Flow
$20,987
Annual Loan Payment
$34,883
Debt Coverage Ratio
0.6

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$2,983
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)
$2,500
Misc.
Total Loan Closing
$10,048

Rental Income
Monthly Market Rent
$2,600
Potential Gross Rent
$31,200
Vacancy Factor
%
$1,560
Effective Gross Rent
$29,640
Property Taxes
%
$5,653
Hazard Insurance
%
$2,500
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$8,653
Net Operating Income
$20,987
Annual Loan Payment
$34,883
Net Cash Flow After Debt Service
$-13,896
Debt Coverage Ratio
0.6
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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.