My situation
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- Where
- Home price$
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How much bridge financing do you need, and what does it cost?
Buying before you sell? Borrow short-term against your current home's equity for the new down payment. See how much, for how long, and the total cost.
Total bridge cost
$1,739
45 days · $150,000
- Available equitySale price − mortgage − commission − selling legal fees (~$1,500)$512,500
- Bridge loan amount$150,000
- Days borrowed45 days
- Interest$1,239
- Per day$28
- Fee$500
Estimate: daily interest at the advertised (from) rate; the fee is a sample. Actual rate, fees and amount are subject to lender approval.