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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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$48,807

Cash Out Proceeds

$14,559

Annual Net Cash Flow

$839

New Loan Payment

2.45

Debt Service Coverage

Refinance Cost
New Loan Amount
$123,015
Current Loan Payoff
$65,600
Loan Points
$2,460
Loan Closing Costs
$6,148
Total Refinance Cost
$74,208
Total Cash Out Proceeds
$48,807

Loan Terms
New Loan Amount
$123,015
Monthly Loan Payment
$839
Interest Rate
7.25%
Property Net Cash Flow
$24,629
Annual Loan Payment
$10,070
Debt Coverage Ratio
2.45

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$861
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)
$722
Misc.
Total Loan Closing
$6,148

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$2,649
Hazard Insurance
%
$722
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$3,871
Net Operating Income
$24,629
Annual Loan Payment
$10,070
Net Cash Flow After Debt Service
$14,559
Debt Coverage Ratio
2.45
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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.