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Refi Tracker · 4-factor readiness

Should you refi this DSCR loan yet?

Score your refinance 0–100 on four factors and see the exact month your savings pay back the cost.

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Your deal$425,000 · $3,000/mo · 25% down · 6.500% · TXSaved in this link and on this device, so the other tools open with it.
Some of the data behind these figures is out of date. The figures are illustrative until it is refreshed.
  • DSCR rate anchor & pricing grid: last verified June 2026, past its 30-day review cycle.
Current loan
What you originally paid — sets your equity baseline.
What you borrowed at closing. The balance today is calculated from this, not estimated.
Your existing interest rate — drives savings math.
Years on the existing note. Sets the amortization your payoff is read from.
Most lenders require 6 months before you can refi a DSCR loan.
The rent your lender will count — lease amount or appraised rent, whichever is lower.
The refinance
The rate you expect to get on the new loan. Use today's market rate as your starting estimate.
How much you think the property will rise in value annually. Used to estimate equity at refi time.
Carrying costs
Your property tax bill per year. Find it on your last tax statement.
Homeowner's insurance premium per year.
Enter 0 if there is no HOA.
Closing costs and payoff
Origination and underwriting charged by the new lender.
Third-party costs at the new closing.
Prepaid interest and escrow funded at close.
Percent of the payoff balance charged by your CURRENT lender. 0 if your penalty has expired.
Demand, recording and statement fees charged to retire the existing loan.
Break-even crossover
break-even at month 41 · change the refi rate to move it
Refinance Decision
REFI READY
$298,583
Payoff today
$304,283
New loan funds at
$0
Cash to you
Borrower readiness 65/100 — seasoning, equity, coverage and saving. Separate from whether the proceeds clear the payoff.
You have equity to pull out. Maximum cash-out: $58,912 (at 80% LTV — 80 cents borrowed per dollar of value).
Refi Math
Current DSCR1.14xthin
Rent ÷ PITIA today. Above 1.0 = property covers its costs.
DSCR after refi1.10xthin
Still qualifies after the new payment.
Monthly savings+$0
How much less you'd pay per month vs. your current loan.
Break-even41 mo
Month from which refinancing costs less in total — payments made PLUS the balance still owed, not payment saving alone.
Cash-out capacity$58,912
Max you could pull out at 80% LTV (how the loan compares to property value). Zero if not enough equity.
Seasoning requirementMet (6 mo)
Lenders typically require you to own the property 6 months before refinancing.

Go deeper

Scores seasoning (you usually need 6 months), equity (how much LTV — how the loan amount compares to the property value — has improved), DSCR (whether the property's rent can cover the loan payment; 1.00 = rent exactly covers it; higher is stronger) headroom, and monthly savings.

80–100 = refi-ready now. 55–79 = worth watching. Below 55 = wait. A rate & term refinance (replace your current loan to change the rate or term, without taking cash out) needs at least 6 months of seasoning; cash-out requires additional equity.

What drives the score (4 factors, 25 pts each)
Seasoning25 / 25

8 months owned — meets 6-month DSCR seasoning requirement.

Equity25 / 25

Current LTV supports refi at 75% — no appreciation required.

Rate Incentive0 / 25

Refi would increase payment by $89/mo — not viable for rate-term.

DSCR Headroom15 / 25

Projected refi DSCR 1.104 — marginal qualifying buffer (1.00–1.25).

How the score works: Four factors scored 0–25 each: seasoning (how long you've owned it), equity (LTV improvement), DSCR headroom (rent vs. new payment), and monthly savings. Cash-out is capped at 80% LTV (loan-to-value); rate & term at 80%.

Note
Modeled from the numbers you entered. Your lender sets the final terms. Legal and licensing.

Printed November 9, 2026 · http://127.0.0.1:45643/tools/refi-tracker

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