99706

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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$54,183

Cash Out Proceeds

$7,371

Annual Net Cash Flow

$924

New Loan Payment

1.66

Debt Service Coverage

Refinance Cost

New Loan Amount
$135,398
Current Loan Payoff
$72,200
Loan Points
$2,708
Loan Closing Costs
$6,307
Total Refinance Cost
$81,215
Total Cash Out Proceeds
$54,183

Loan Terms

New Loan Amount
$135,398
Monthly Loan Payment
$924
Interest Rate
7.25%
Property Net Cash Flow
$18,455
Annual Loan Payment
$11,084
Debt Coverage Ratio
1.66

Closing Costs

Attorney's Fees and Loan Docs
Mortgage Taxes and Doc Stamps
%
$0
Title - Lender's Policy
%
$948
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)
$794
Misc.
Total Loan Closing
$6,307

Rental Income

Monthly Market Rent
$2,000
Potential Gross Rent
$24,000
Vacancy Factor
%
$1,200
Effective Gross Rent
$22,800
Property Taxes
%
$3,051
Hazard Insurance
%
$794
HOA Dues (Annual)
Maintenance and Reserve
Total Expenses
$4,345
Net Operating Income
$18,455
Annual Loan Payment
$11,084
Net Cash Flow After Debt Service
$7,371
Debt Coverage Ratio
1.66
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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.