164808

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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$121,833

Cash Out Proceeds

$2,349

Annual Net Cash Flow

$1,988

New Loan Payment

1.1

Debt Service Coverage

Refinance Cost

New Loan Amount
$291,375
Current Loan Payoff
$155,400
Loan Points
$5,828
Loan Closing Costs
$8,314
Total Refinance Cost
$169,542
Total Cash Out Proceeds
$121,833

Loan Terms

New Loan Amount
$291,375
Monthly Loan Payment
$1,988
Interest Rate
7.25%
Property Net Cash Flow
$26,201
Annual Loan Payment
$23,852
Debt Coverage Ratio
1.1

Closing Costs

Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$2,040
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)
$1,709
Misc.
Total Loan Closing
$8,314

Rental Income

Monthly Market Rent
$2,700
Potential Gross Rent
$32,400
Vacancy Factor
%
$1,620
Effective Gross Rent
$30,780
Property Taxes
%
$2,370
Hazard Insurance
%
$1,709
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$4,579
Net Operating Income
$26,201
Annual Loan Payment
$23,852
Net Cash Flow After Debt Service
$2,349
Debt Coverage Ratio
1.1
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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.