186333

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
%
%
%

$121,581

Cash Out Proceeds

$-2,745

Annual Net Cash Flow

$1,983

New Loan Payment

0.88

Debt Service Coverage

Refinance Cost
New Loan Amount
$290,700
Current Loan Payoff
$155,000
Loan Points
$5,814
Loan Closing Costs
$8,305
Total Refinance Cost
$169,119
Total Cash Out Proceeds
$121,581

Loan Terms
New Loan Amount
$290,700
Monthly Loan Payment
$1,983
Interest Rate
7.25%
Property Net Cash Flow
$21,052
Annual Loan Payment
$23,797
Debt Coverage Ratio
0.88

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$2,035
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)
$1,705
Misc.
Total Loan Closing
$8,305

Rental Income
Monthly Market Rent
$2,800
Potential Gross Rent
$33,600
Vacancy Factor
%
$1,680
Effective Gross Rent
$31,920
Property Taxes
%
$8,663
Hazard Insurance
%
$1,705
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$10,868
Net Operating Income
$21,052
Annual Loan Payment
$23,797
Net Cash Flow After Debt Service
$-2,745
Debt Coverage Ratio
0.88
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.