Bridge Loan Calculator
Calculate interest-only payments and total costs for bridge loans. Bridge loans provide short-term financing while transitioning between properties.
Bridge Loan
Bridge Loan Risks
Bridge loans are short-term, high-interest loans used while transitioning between properties. You'll carry payments on both properties until your old home sells.
Bridge Loan Summary
at 10.5% for up to 12 months
Available Equity
New Mortgage Details
Typical range: 8.5% - 12%
Bridge Loan Amount Calculation
Monthly Costs During Bridge Period
Moderate Risk Scenario
✓ This appears to be a manageable bridge loan scenario with reasonable terms
Total Cash Required Breakdown
Bridge Loan Best Practices
- Price aggressively: List your current home at a competitive price for quick sale
- Cash reserves: Have 6+ months of double payment reserves
- Market timing: Bridge loans work best in strong seller's markets
- Pre-qualify: Get bridge loan approval before making offers
- Consider alternatives: Contingent offers or home equity lines may be better options
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