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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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$121,162

Cash Out Proceeds

$3,615

Annual Net Cash Flow

$1,977

New Loan Payment

1.15

Debt Service Coverage

Refinance Cost
New Loan Amount
$289,853
Current Loan Payoff
$154,600
Loan Points
$5,797
Loan Closing Costs
$8,294
Total Refinance Cost
$168,691
Total Cash Out Proceeds
$121,162

Loan Terms
New Loan Amount
$289,853
Monthly Loan Payment
$1,977
Interest Rate
7.25%
Property Net Cash Flow
$27,343
Annual Loan Payment
$23,728
Debt Coverage Ratio
1.15

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$2,029
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)
$1,700
Misc.
Total Loan Closing
$8,294

Rental Income
Monthly Market Rent
$2,900
Potential Gross Rent
$34,800
Vacancy Factor
%
$1,740
Effective Gross Rent
$33,060
Property Taxes
%
$3,517
Hazard Insurance
%
$1,700
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$5,717
Net Operating Income
$27,343
Annual Loan Payment
$23,728
Net Cash Flow After Debt Service
$3,615
Debt Coverage Ratio
1.15
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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.