Bridge Loan Calculator
Calculate bridge loan payments, total interest, and payoff amounts. Compare interest-only vs. amortizing options for short-term financing.
How it works
Bridge loans provide quick, short-term financing for real estate transactions. Most feature interest-only payments with the principal due at maturity. Calculate your monthly payment, total interest cost, and payoff amount.
Example
$500,000 bridge loan at 10% for 12 months = $4,167/month interest-only. With 2% origination fee, total cost is $60,000 interest + $10,000 fees = $70,000.
FAQ
What is a bridge loan?
A bridge loan is short-term financing used to bridge the gap between buying a new property and selling an existing one, or for quick real estate transactions requiring immediate funding.
How long are bridge loan terms?
Bridge loans typically have terms of 6-24 months, with some extending to 36 months. They're designed as temporary financing solutions.
Are bridge loan payments interest-only?
Most bridge loans are interest-only during the loan term, with the full principal due at maturity. Some lenders offer amortizing options.
What are typical bridge loan interest rates?
Bridge loan rates are typically 2-5% higher than conventional mortgages, often ranging from 8-15% depending on the lender, borrower profile, and market conditions.
What fees are involved with bridge loans?
Common fees include origination fees (1-3% of loan amount), appraisal fees, title insurance, processing fees, and sometimes prepayment penalties.