139718

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
%
%
%

$146,132

Cash Out Proceeds

$-6,457

Annual Net Cash Flow

$2,370

New Loan Payment

0.77

Debt Service Coverage

Refinance Cost
New Loan Amount
$347,415
Current Loan Payoff
$185,300
Loan Points
$6,948
Loan Closing Costs
$9,035
Total Refinance Cost
$201,283
Total Cash Out Proceeds
$146,132

Loan Terms
New Loan Amount
$347,415
Monthly Loan Payment
$2,370
Interest Rate
7.25%
Property Net Cash Flow
$21,983
Annual Loan Payment
$28,440
Debt Coverage Ratio
0.77

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$2,432
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)
$2,038
Misc.
Total Loan Closing
$9,035

Rental Income
Monthly Market Rent
$2,600
Potential Gross Rent
$31,200
Vacancy Factor
%
$1,560
Effective Gross Rent
$29,640
Property Taxes
%
$5,119
Hazard Insurance
%
$2,038
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$7,657
Net Operating Income
$21,983
Annual Loan Payment
$28,440
Net Cash Flow After Debt Service
$-6,457
Debt Coverage Ratio
0.77
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.