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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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$43,482

Cash Out Proceeds

$16,644

Annual Net Cash Flow

$755

New Loan Payment

2.84

Debt Service Coverage

Refinance Cost
New Loan Amount
$110,685
Current Loan Payoff
$59,000
Loan Points
$2,214
Loan Closing Costs
$5,989
Total Refinance Cost
$67,203
Total Cash Out Proceeds
$43,482

Loan Terms
New Loan Amount
$110,685
Monthly Loan Payment
$755
Interest Rate
7.25%
Property Net Cash Flow
$25,705
Annual Loan Payment
$9,061
Debt Coverage Ratio
2.84

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$775
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)
$649
Misc.
Total Loan Closing
$5,989

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$1,646
Hazard Insurance
%
$649
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$2,795
Net Operating Income
$25,705
Annual Loan Payment
$9,061
Net Cash Flow After Debt Service
$16,644
Debt Coverage Ratio
2.84
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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.