Standard Fix Flip Calculator

Name :

Email :

Phone Number :

Is this your first fix and flip or rental investment property?

Yes No

Is your property located in the USA or Canada?

USA Canada

Primary Expenses

(1) Price*
$

(2) Rehab Needed*
$

(3) Purchase And Rehab Total
$

(4) After Repair Value*
$

(4 A) Loan to Value (LTV) %(After Rrepair Value)

(1) Most lenders will not fund a deal over 70% of ARV. (After Repair Value)

(2) If you were to get funding on a loan over 70% ARV you are required to pay the difference. (Anything above 70%)

Secondary Expense(s)

(5) Hazard Insurance ($500)
$

(6)Property Taxes (See county website)
$

(7) Loan processing & underwriting ($995)
$

(8) Appraisal Cost ($500)
$

(9) Title insurance/Attorney closing fees ($1,300)
$

(10) Lender points /fees.(3pts - first time)
$

(11) Any Additional Expenses*
(ie, utility cost, staging, cleaning, etc)
$

(12) Total Secondary Expenses
$

(13) Estimated upfront expenses prior to your loan closing.
$
See Details

For Calculation

(14) Interest Rate (range from 6.99 to 15%)

(15) Estimated number of months it will take to fix and flip or sell the home

(16) Number of months (interest only loan payments)

(16 A) Estimated interest payments owed to the lender which must be in reserves (savings)
$

(17) Realtor Commissions to Sell home
$

Summary

(18) Estimated Loan Amount
$

(19) Estimated Monthly Payment
$

(20) Rehab Contingency Fund is 10% of your rehab estimate
$

(21) Cash needed for Down Payment
$

(22) Cash needed for reserves in your bank account
$ See Details

(23) Total Cash needed to close loan
$

(24) Projected Profit
$

(25) Minimum Profit Desired*
$

(26) Maximum offered amount
$ $

Details:

Scheduled Close of Escrow Date:

Is the property in rural location?

Subject
Property address

Borrower's experience

Numbers of Deals in Last 24 Months

Rentals

Flips

Licenced Real Estate Agent

Licensed Contractor/Tradesman

Notes about this project:

DISCLOSURE

The information provided by this calculator is for illustrative purposes only, and accuracy is not guaranteed.

All information such as interest rates, taxes, insurance, etc. are estimates and should be used for comparison purposes only and subject to change without notice.

This calculator does not have the ability to pre-qualify submissions for any loan program.

No results provided constitute a credit decision or an offer for the extension of credit. Qualification for loan programs requires specific borrower and property information, and other information which is not gathered by this calculator.

Results should only be evaluated by a mortgage professional.

Additional fees such as HOA dues are not included in calculations.

This calculator does not calculate or provide the Annual Percentage Rate or Average Prime Offer Rates.

This material is intended to be an estimate. THERE ARE 26 ITEMS WE EVALUATE BEFORE WE PRE-APPROVE A BORROWER. Call us at 480-660-4USA (872) to get pre-approved.

Standard Fix Flip Calculator

Quick Links