186290

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
%
%
%

$292,089

Cash Out Proceeds

$-47,412

Annual Net Cash Flow

$4,666

New Loan Payment

0.15

Debt Service Coverage

Refinance Cost
New Loan Amount
$683,933
Current Loan Payoff
$364,800
Loan Points
$13,679
Loan Closing Costs
$13,365
Total Refinance Cost
$391,844
Total Cash Out Proceeds
$292,089

Loan Terms
New Loan Amount
$683,933
Monthly Loan Payment
$4,666
Interest Rate
7.25%
Property Net Cash Flow
$8,576
Annual Loan Payment
$55,988
Debt Coverage Ratio
0.15

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$4,788
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)
$4,012
Misc.
Total Loan Closing
$13,365

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$15,411
Hazard Insurance
%
$4,012
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$19,924
Net Operating Income
$8,576
Annual Loan Payment
$55,988
Net Cash Flow After Debt Service
$-47,412
Debt Coverage Ratio
0.15
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.