99451

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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$32,520

Cash Out Proceeds

$18,157

Annual Net Cash Flow

$584

New Loan Payment

3.59

Debt Service Coverage

Refinance Cost
New Loan Amount
$85,598
Current Loan Payoff
$45,700
Loan Points
$1,712
Loan Closing Costs
$5,666
Total Refinance Cost
$53,078
Total Cash Out Proceeds
$32,520

Loan Terms
New Loan Amount
$85,598
Monthly Loan Payment
$584
Interest Rate
7.25%
Property Net Cash Flow
$25,164
Annual Loan Payment
$7,007
Debt Coverage Ratio
3.59

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$599
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)
$502
Misc.
Total Loan Closing
$5,666

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$2,334
Hazard Insurance
%
$502
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$3,336
Net Operating Income
$25,164
Annual Loan Payment
$7,007
Net Cash Flow After Debt Service
$18,157
Debt Coverage Ratio
3.59
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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.