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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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$56,280

Cash Out Proceeds

$5,782

Annual Net Cash Flow

$993

New Loan Payment

1.49

Debt Service Coverage

Refinance Cost
New Loan Amount
$145,583
Current Loan Payoff
$77,600
Loan Points
$2,912
Loan Closing Costs
$8,792
Total Refinance Cost
$89,303
Total Cash Out Proceeds
$56,280

Loan Terms
New Loan Amount
$145,583
Monthly Loan Payment
$993
Interest Rate
7.25%
Property Net Cash Flow
$17,700
Annual Loan Payment
$11,918
Debt Coverage Ratio
1.49

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$801
Title - Lender's Policy
%
$1,019
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)
$2,407
Misc.
Total Loan Closing
$8,792

Rental Income
Monthly Market Rent
$2,000
Potential Gross Rent
$24,000
Vacancy Factor
%
$1,200
Effective Gross Rent
$22,800
Property Taxes
%
$2,193
Hazard Insurance
%
$2,407
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$5,100
Net Operating Income
$17,700
Annual Loan Payment
$11,918
Net Cash Flow After Debt Service
$5,782
Debt Coverage Ratio
1.49
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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.