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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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$39,115

Cash Out Proceeds

$16,154

Annual Net Cash Flow

$688

New Loan Payment

2.96

Debt Service Coverage

Refinance Cost
New Loan Amount
$100,793
Current Loan Payoff
$53,800
Loan Points
$2,016
Loan Closing Costs
$5,862
Total Refinance Cost
$61,678
Total Cash Out Proceeds
$39,115

Loan Terms
New Loan Amount
$100,793
Monthly Loan Payment
$688
Interest Rate
7.25%
Property Net Cash Flow
$24,405
Annual Loan Payment
$8,251
Debt Coverage Ratio
2.96

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$706
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)
$591
Misc.
Total Loan Closing
$5,862

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$3,004
Hazard Insurance
%
$591
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$4,095
Net Operating Income
$24,405
Annual Loan Payment
$8,251
Net Cash Flow After Debt Service
$16,154
Debt Coverage Ratio
2.96
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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.