137697

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
%
%
%

$77,660

Cash Out Proceeds

$7,289

Annual Net Cash Flow

$1,293

New Loan Payment

1.47

Debt Service Coverage

Refinance Cost
New Loan Amount
$189,555
Current Loan Payoff
$101,100
Loan Points
$3,791
Loan Closing Costs
$7,004
Total Refinance Cost
$111,895
Total Cash Out Proceeds
$77,660

Loan Terms
New Loan Amount
$189,555
Monthly Loan Payment
$1,293
Interest Rate
7.25%
Property Net Cash Flow
$22,806
Annual Loan Payment
$15,517
Debt Coverage Ratio
1.47

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,327
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)
$1,112
Misc.
Total Loan Closing
$7,004

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$4,082
Hazard Insurance
%
$1,112
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$5,694
Net Operating Income
$22,806
Annual Loan Payment
$15,517
Net Cash Flow After Debt Service
$7,289
Debt Coverage Ratio
1.47
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.