Bridge Loan Payment Calculator
Calculate your loan payments with our Bridge Loan Calculator and understand the total cost of borrowing. Bridge loans help you finance a new property while waiting to sell your existing one.
How to Use The Bridge Loan Calculator
1. Enter Loan Details
Input your loan amount, interest rate, and desired term length.
2. Calculate Results
Click the Calculate button to see your loan details.
3. Reset & Recalculate
Use the Reset button to start over with new values.
Understanding Bridge Loans
A bridge loan is a short-term financing option that helps homeowners "bridge" the gap between buying a new property and selling their existing one. These loans typically have:
- Higher interest rates than traditional mortgages
- Short terms, usually 6-12 months
- Quick approval and funding process
- Flexible repayment options
Before taking out a bridge loan, consider your ability to make payments on both your existing mortgage and the bridge loan, as well as your confidence in selling your current property within the loan term.
Bridge Loan Calculator – FAQs
What does this Bridge Loan Calculator do?
This tool estimates how much a bridge loan will cost you each month, and over the entire loan period. It focuses on interest-only payments, which are common in short-term bridge loans.
Can I use this to see how much I qualify for?
No, this calculator does not determine loan eligibility or equity. It’s designed to help you understand cost, not borrowing limits.
What kind of bridge loan does this apply to?
This calculator works for most interest-only bridge loans, where you pay monthly interest and repay the full amount when your home sells or the loan term ends.
How do I know what interest rate to use?
Bridge loan rates typically range from 6% to 12%, depending on the lender. Use the rate quoted by your lender, or a rough estimate to preview costs.
Are closing costs or fees included in this calculator?
No, this calculator only shows payment and interest. It doesn’t include origination fees, legal costs, or other closing fees. Be sure to ask your lender about additional charges.
Bridge Loan Calculator Disclaimer
This calculator is for informational purposes only and provides approximate calculations. The actual loan terms, interest rates, and payments may vary depending on your lender, credit score, and other factors. Always consult with a qualified financial advisor or lending professional before making any financial decisions. The results provided by this calculator should not be considered as financial advice or a guarantee of loan terms.
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Financial Disclaimer
The content on this website is for informational and educational purposes only and should not be considered financial, investment, or legal advice. Financial markets and regulations change frequently. Consult a qualified financial advisor or professional before making any decisions. We do not guarantee the accuracy or completeness of the information provided, and we are not responsible for any financial losses.