133662

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
%
%
%

$110,860

Cash Out Proceeds

$-2,526

Annual Net Cash Flow

$1,815

New Loan Payment

0.88

Debt Service Coverage

Refinance Cost
New Loan Amount
$266,070
Current Loan Payoff
$141,900
Loan Points
$5,321
Loan Closing Costs
$7,988
Total Refinance Cost
$155,210
Total Cash Out Proceeds
$110,860

Loan Terms
New Loan Amount
$266,070
Monthly Loan Payment
$1,815
Interest Rate
7.25%
Property Net Cash Flow
$19,255
Annual Loan Payment
$21,781
Debt Coverage Ratio
0.88

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,862
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)
$1,561
Misc.
Total Loan Closing
$7,988

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$7,184
Hazard Insurance
%
$1,561
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$9,245
Net Operating Income
$19,255
Annual Loan Payment
$21,781
Net Cash Flow After Debt Service
$-2,526
Debt Coverage Ratio
0.88
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.