99427

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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$27,491

Cash Out Proceeds

$20,616

Annual Net Cash Flow

$505

New Loan Payment

4.4

Debt Service Coverage

Refinance Cost
New Loan Amount
$73,988
Current Loan Payoff
$39,500
Loan Points
$1,480
Loan Closing Costs
$5,517
Total Refinance Cost
$46,497
Total Cash Out Proceeds
$27,491

Loan Terms
New Loan Amount
$73,988
Monthly Loan Payment
$505
Interest Rate
7.25%
Property Net Cash Flow
$26,673
Annual Loan Payment
$6,057
Debt Coverage Ratio
4.4

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$518
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)
$434
Misc.
Total Loan Closing
$5,517

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$893
Hazard Insurance
%
$434
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$1,827
Net Operating Income
$26,673
Annual Loan Payment
$6,057
Net Cash Flow After Debt Service
$20,616
Debt Coverage Ratio
4.4
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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.