52488

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
%
%
%

$63,043

Cash Out Proceeds

$10,807

Annual Net Cash Flow

$1,064

New Loan Payment

1.85

Debt Service Coverage

Refinance Cost
New Loan Amount
$155,933
Current Loan Payoff
$83,200
Loan Points
$3,119
Loan Closing Costs
$6,571
Total Refinance Cost
$92,890
Total Cash Out Proceeds
$63,043

Loan Terms
New Loan Amount
$155,933
Monthly Loan Payment
$1,064
Interest Rate
7.25%
Property Net Cash Flow
$23,572
Annual Loan Payment
$12,765
Debt Coverage Ratio
1.85

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$1,092
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)
$915
Misc.
Total Loan Closing
$6,571

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$3,514
Hazard Insurance
%
$915
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$4,928
Net Operating Income
$23,572
Annual Loan Payment
$12,765
Net Cash Flow After Debt Service
$10,807
Debt Coverage Ratio
1.85
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.