99541

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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$35,918

Cash Out Proceeds

$17,277

Annual Net Cash Flow

$636

New Loan Payment

3.26

Debt Service Coverage

Refinance Cost
New Loan Amount
$93,248
Current Loan Payoff
$49,700
Loan Points
$1,865
Loan Closing Costs
$5,765
Total Refinance Cost
$57,330
Total Cash Out Proceeds
$35,918

Loan Terms
New Loan Amount
$93,248
Monthly Loan Payment
$636
Interest Rate
7.25%
Property Net Cash Flow
$24,910
Annual Loan Payment
$7,633
Debt Coverage Ratio
3.26

Closing Costs
Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$653
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)
$547
Misc.
Total Loan Closing
$5,765

Rental Income
Monthly Market Rent
$2,500
Potential Gross Rent
$30,000
Vacancy Factor
%
$1,500
Effective Gross Rent
$28,500
Property Taxes
%
$2,543
Hazard Insurance
%
$547
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$3,590
Net Operating Income
$24,910
Annual Loan Payment
$7,633
Net Cash Flow After Debt Service
$17,277
Debt Coverage Ratio
3.26
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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.