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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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$165,313

Cash Out Proceeds

$-9,275

Annual Net Cash Flow

$2,672

New Loan Payment

0.71

Debt Service Coverage

Refinance Cost
New Loan Amount
$391,650
Current Loan Payoff
$208,900
Loan Points
$7,833
Loan Closing Costs
$9,604
Total Refinance Cost
$226,337
Total Cash Out Proceeds
$165,313

Loan Terms
New Loan Amount
$391,650
Monthly Loan Payment
$2,672
Interest Rate
7.25%
Property Net Cash Flow
$22,786
Annual Loan Payment
$32,061
Debt Coverage Ratio
0.71

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$2,742
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)
$2,298
Misc.
Total Loan Closing
$9,604

Rental Income
Monthly Market Rent
$2,700
Potential Gross Rent
$32,400
Vacancy Factor
%
$1,620
Effective Gross Rent
$30,780
Property Taxes
%
$5,196
Hazard Insurance
%
$2,298
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$7,994
Net Operating Income
$22,786
Annual Loan Payment
$32,061
Net Cash Flow After Debt Service
$-9,275
Debt Coverage Ratio
0.71
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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.