Use this DSCR loan comparison calculator to line up two or more lender quotes on the same investment property before you lock. Enter rent, expenses, and value once — then compare rate, points, LTV, and amortization on each option. On a purchase, the tool estimates down payment and cash to close. On a refinance, it estimates net cash-out proceeds or a rate-and-term payment change.
Pair results with the single-scenario DSCR calculator, the DSCR loans hub, and the CFPB mortgage overview if you are new to how investment-property debt is structured.
DSCR loan comparison calculator
Compare two or more DSCR quotes on the same property — rate, points, LTV, and amortization — and see down payment, cash-out proceeds, DSCR, and monthly payment side by side. Estimates only — not a loan offer.
| Metric | Quote A | Quote B |
|---|
How to read this comparison
- DSCR = monthly NOI ÷ monthly debt service. Glossary
- Points buy the rate down — compare total cash in, not just the coupon. Points
- Interest-only lowers the payment today but tightens on permanent refi. IO vs amortizing
- Reserves are documented after closing — plan liquidity beyond cash to close. Reserves guide
How to compare two DSCR quotes on the same property
Lenders quote DSCR files on different axes — rate, points, LTV, IO vs amortizing, prepay, and reserves. The mistake is comparing coupons without total cash in. Run every quote through the same rent roll:
- Enter gross rent, vacancy, taxes, insurance, and opex once (the NOI every lender underwrites)
- Add each quote with its rate, points, LTV, and term
- Compare DSCR, monthly payment, and cash to close or proceeds in the table
- Pick the quote that clears coverage and leaves enough liquidity for reserves after closing
For closing-cost detail on each quote, use the DSCR closing cost calculator. For the biggest loan your rent supports at each DSCR tier, use the max DSCR loan amount calculator.
Purchase: down payment and cash to close
On a DSCR purchase, down payment = purchase price − loan amount. Loan amount is value × LTV on each quote. Cash to close adds origination points and third-party closing costs on top of the down payment.
Example on a $400,000 rental at 80% LTV:
- Loan amount: $320,000
- Down payment: $80,000
- One point origination: $3,200
- Third-party closing costs: $4,400
- Cash to close ≈ $87,600 before reserves
Jaken Finance Group DSCR purchase leverage runs up to 85% LTV in select markets for qualified borrowers — see the full DSCR loan for investment property worked purchase example.
Refinance: cash-out proceeds vs rate-and-term
On a cash-out DSCR refinance, net proceeds are:
New loan − existing payoff − points − closing costs
Cash-out LTV typically caps around 80% of appraised value — a few points below purchase LTV. Rate-and-term refi replaces the existing balance (plus costs) without pulling meaningful cash; LTV can run up to 85% on select files.
Example: $450,000 appraised value, $300,000 payoff, 75% LTV cash-out quote at 7.75% with 1.5 points and $4,800 closing:
- New loan: $337,500
- Points: $5,063
- Net proceeds: $337,500 − $300,000 − $5,063 − $4,800 ≈ $27,637
For no-seasoning BRRRR exits where appraised value jumps after rehab, see DSCR cash-out refinance with no seasoning.
Rate vs points — why the cheapest coupon is not always the cheapest file
Two quotes on the same $320,000 loan:
| Quote | Rate | Points | Points ($) | P&I (30yr) |
|---|---|---|---|---|
| A — rate buy-down | 6.99% | 2.0 | $6,400 | $2,127 |
| B — par pricing | 7.75% | 0 | $0 | $2,293 |
Quote A saves about $166/mo in payment but costs $6,400 more at closing. If you plan to hold fewer than three years, par pricing may win on total cost. If you are building a long hold portfolio, buying the rate down can pencil. Read how DSCR loan rates are set for LLPAs and pricing grids.
Interest-only vs 30-year amortizing
Interest-only DSCR carry uses loan × rate ÷ 12 as debt service — no principal paydown. A $320,000 loan at 7.75% IO is $2,067/mo vs $2,293/mo on a 30-year amortizing payment. That IO payment inflates DSCR on paper.
Bridge and IO products are carry tools — not permanent exits. Always model the amortizing refi before you acquire with hard money. See interest-only vs amortizing DSCR loan and interest-only DSCR programs.
30-year vs 40-year amortization
A 40-year DSCR stretches the amortization schedule, lowering the monthly payment and improving DSCR on thin-cash-flow files. The trade-off is slower equity build and usually a rate premium. Compare both terms in the calculator when a property clears 1.0 DSCR on 30-year but fails at your target LTV.
Program detail: 40-year DSCR loans.
Prepay structure and hold period
Most DSCR loans carry a prepayment penalty — commonly a 5-4-3-2-1 step-down or a 3-year structure. Prepay does not change the monthly payment in this calculator, but it matters if you plan to sell or refinance inside the penalty window.
Read the full breakdown: DSCR loan prepayment penalties · prepay glossary entry.
Reserves after closing
DSCR underwriting requires liquid reserves after closing — often 3–12 months of PITIA per financed property depending on leverage and credit. Cash to close in this tool is not your full liquidity requirement. Plan reserves separately using the DSCR down payment and reserves guide.
Related DSCR tools
- DSCR calculator — single-scenario NOI vs debt service
- Max DSCR loan amount calculator — ceiling at 0.75x, 1.0x, and 1.25x
- DSCR closing cost calculator — points and third-party fees
- Second-position DSCR calculator — keep a low first, add a second
- BRRRR calculator — all-in cost and post-refi DSCR
- DSCR loan glossary — plain-English term definitions
State and metro DSCR programs
- DSCR loans Chicago multi-family · Chicago hub
- DSCR loans Indiana · Indianapolis
- DSCR loans North Carolina
- DSCR loans South Carolina
- DSCR loans Florida · Georgia
- DSCR loans Washington DC · Maryland · Virginia
- All state investor hubs
Current program summary: Up to 85% LTV purchase, 80% LTV cash-out, and 85% LTV rate-and-term in select markets for qualified borrowers. Rates run 5.75%–10.5% on 30-year fixed or ARM products for qualified borrowers.
Pre-qualify for DSCR financing · What kind of loan do you need? · (833) 264-7776
Calculator outputs are educational estimates only. Rates, terms and conditions offered only to qualified borrowers and are subject to change without notice. All loans are subject to full underwriting. Jaken Finance Group only finances non-owner occupied investment properties.