133665

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
%
%
%

$37,369

Cash Out Proceeds

$8,223

Annual Net Cash Flow

$660

New Loan Payment

2.04

Debt Service Coverage

Refinance Cost
New Loan Amount
$96,713
Current Loan Payoff
$51,600
Loan Points
$1,934
Loan Closing Costs
$5,809
Total Refinance Cost
$59,344
Total Cash Out Proceeds
$37,369

Loan Terms
New Loan Amount
$96,713
Monthly Loan Payment
$660
Interest Rate
7.25%
Property Net Cash Flow
$16,140
Annual Loan Payment
$7,917
Debt Coverage Ratio
2.04

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$677
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)
$567
Misc.
Total Loan Closing
$5,809

Rental Income
Monthly Market Rent
$1,700
Potential Gross Rent
$20,400
Vacancy Factor
%
$1,020
Effective Gross Rent
$19,380
Property Taxes
%
$2,173
Hazard Insurance
%
$567
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$3,240
Net Operating Income
$16,140
Annual Loan Payment
$7,917
Net Cash Flow After Debt Service
$8,223
Debt Coverage Ratio
2.04
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.