Fix and Hold Calculator
Calculate profitability of your renovation project
Calculate profitability of your renovation project
What you'll learn in this video:
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How a Rate-and-Term refinance lowers your monthly bill without adding to your debt.
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The benefits of switching from a high-interest private loan to a 30-year fixed rate.
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How lowering your payment today helps you qualify for your next property purchase.
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A simple breakdown of closing costs vs. long-term savings.
Purchase Price
$
Down Payment
_
%
Down Payment
$
Loan Amount
$
Annual Taxes
$
Annual Insurance
$
Other Expenses - Annual
$
Rehab
$
Rehab Investor
_
%
Rehab Investor
$
Rehab Loan Amount
$
Total Loan Amount
$
After Renovation Value (ARV)
$
_
_
_
Maximum Loan Amount
$
.
Maximum Loan Amount % = 70%
Holding Months (Up to 24)
_
Buying Closing Costs
_
%
Buying Closing Costs
$
_
_
_
Monthly Interest
$
.
Monthly Taxes, insurance and Others
$
Total Monthly Payment
$
Total Holding Costs
$
Total Out Of Pocket Investment
$
New Fix Loan Amount
$
Return Current Loan
$
Money Left
$
Money Spent After Rehab
$
New Loan Total Monthly Payment (7.50%)
$
After Renovations Number of Units (1-10)
$
Monthly Rental Income Unit 1
$
Monthly Rental Income Unit 2
$
Monthly Rental Income Unit 3
$
Monthly Rental Income Unit 4
$
Monthly Rental Income Unit 5
$
Monthly Rental Income Unit 6
$
Monthly Rental Income Unit 7
$
Monthly Rental Income Unit 8
$
Monthly Rental Income Unit 9
$
Monthly Rental Income Unit 10
$
Other Monthly Expenses
$
_
_
_
Total Monthly Net Profit/ Loss
$
.
The illustration above is for Business Purpose Loans only which are those properties that are tenant occupied, and generate income, as defined by the CFPB as an exempt transaction under section 1026.30 of Reg Z on the Truth and Lending Act. Therefore, this is not a consumer direct home loan. The chart above shows results based on the guidelines and pricing average of the very top lenders in the United States, this is not a quote from any one Lender in particular.
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