July 2020: Major Update: Ultimate Financial Calculator    3 New Calculators: Refinance Calculator, Lease vs. Buy Calculator & Break-Even Calculator



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37 Comments on “Bridge Loan Calculator”

financial online calculator Join the conversation. Tell me what you think.
  • Selling my current house for $360,000 (owe 316k) @ a 3.185% and buying a new one for 436k. I have 40k cash but only want to put down 5%. Does this mean that it will cost me 2k a month for the loan?

    • Sorry, but I’m not following you. This calculator tells the user if they will need a bridge loan.

      In my head, it doesn’t look as if you need a bridge loan. You are buying a home for $436k and you want to put down 5%, which is $21,530. You already have more than enough cash for the 5% down payment. No bridge loan is needed. The question is, will the lender issue the loan per the terms you want?

      What question are you trying to answer?

  • Mark B Weyland says:

    I want to relocate in the same area but into a smaller house.
    I currently own my house which is worth ~$400,000.
    Due to the sellers housing market in Sarasota, I want to buy a home before selling the existing property. I hope to buy at around $300,000-350,000. I can put down a 20% deposit.
    Is a bridge loan the only option for me ?

    • Your question is about what financial products might be available to you. Those I can’t answer (I don’t know your personal situation. Nor do I know what financial products are available in your area.)

      Do you have a question about how the calculator works or the results you are getting?

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