Purchase Price: $630,000
Down Payment: $126,000
Original Mortgage: $504,000
Renovations: $189,351
Refinance Value: $1,170,000
New Mortgage: $936,000
Minus
Original Mortgage: $504,000
Renovations: $189,351
Carry Cost: $38,000
Closing Costs: $10,633
Original Down Payment: $126,000
Result: ALL CAPITAL OUT + SURPLUS $68,016
Purchase Price: $740,000
Down Payment: $148,000
Original Mortgage: $592,000
Renovations: $116,436
Refinance Value: $1,170,000
New Mortgage: $936,000
Minus
Original Mortgage: $592,000
Renovations: $116,436
Carry Cost: $25,544
Closing Costs: $14,000
Original Down Payment: $148,000
Result: ALL CAPITAL OUT + SURPLUS $40,020
Purchase Price: $600,000
Down Payment: $120,000
Original Mortgage: $480,000
Renovations: $235,166
Refinance Value: $1,210,000
New Mortgage: $968,000
Minus
Original Mortgage: $480,000
Renovations: $235,166
Carry Cost: $29,700
Closing Costs: $10,500
Original Down Payment: $120,000
Result: ALL CAPITAL OUT + SURPLUS $92,634
Purchase Price: $355,000
Down Payment: $71,000
Original Mortgage: $284,000
Renovations: $256,797
Refinance Value: $1,125,000
New Mortgage: $775,000
Minus
Original Mortgage: $284,000
Renovations: $256,797
Carry Cost: $26,700
Closing Costs: $5,500
Original Down Payment: $71,000
Result: ALL CAPITAL OUT + SURPLUS $131,003
