Calculator
What is left after the flip?
Purchase, rehab, holding and selling costs against the resale price, so you can see the profit before you commit to the project.
$
$
$
$
$
%
Equity Needed
$120,900
Net Profit
$22,519
Loan Amount$255,000
Down Payment$45,000
Monthly Interest$2,231
Total Interest Over Term$20,081
Origination Fee$5,100
Other Closing Costs$10,800
Cost to Sell$27,000
Total Cash in Deal$145,481
Carrying Costs$24,581
Loan-to-ARV56.7%
Return on Investment15.5%
What this is telling you
Holding costs are the ones people forget. Every extra month of work is another month of interest, tax and insurance.
An estimate from the assumptions above, not a quote and not an offer to lend. Rates, taxes, insurance and mortgage insurance all vary by property, credit profile and day.
Want somebody to check the assumptions?
Send us the numbers you put in and we will tell you which of them an underwriter would push back on.
Or call(503) 555-0175and ask for whoever is free.
