Bridge Loan Calculator
Calculate monthly payments and total interest on a bridge loan based on loan amount, interest rate, and term.
Bridge Loan Payment
Bridge loans are short-term loans (typically 6–12 months) used to bridge a gap between buying a new property and selling an existing one.
Monthly Payment = Loan Amount × (Monthly Rate / (1 - (1 + Monthly Rate)^(-Months)))
Total Interest = (Monthly Payment × Months) - Loan Amount
Typical bridge loan terms:
- Interest rates: 8%–12% (higher than conventional mortgages)
- Term: 6–12 months, sometimes up to 24 months
- Origination fees: 1.5%–3% of loan amount
- LTV ratio: Usually up to 80% of combined property value
When bridge loans make sense:
- You found a new home before selling your current one
- You need funds for a time-sensitive real estate deal
- You’re renovating a property for quick resale