Free calculator
Bridge loan calculator
Calculate the monthly payment and the full cost of a bridge loan on an investment property. Enter the value, loan-to-value and terms to see the interest-only payment, the balloon at payoff, points and fees, minimum interest, extension fees if you run long, and your cash to close or net cash out.
Extensions:
What the bridge loan costs
At closing
Payment schedule
Illustrative estimate from the numbers you entered. Not an offer or commitment to lend; actual terms are set by the lender after underwriting. Business-purpose loans on non-owner-occupied investment property only.
Next step
Want real bridge loan terms?
Send the deal and a person reads it. Your calculator numbers are copied into the form, so there is nothing to retype. If it is a deal the lenders in our network can do, you get an indicative range and a list of what they need. If it is not, we tell you quickly.
- No application fee, no upfront fee, no obligation.
- Business-purpose loans only: investment property held in an LLC or other entity, never owner-occupied.
- Programs available in 40 states.
Easy Lending USA is not a lender or a mortgage broker. We introduce real estate investors to independent private lenders, who make every credit decision.
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How a bridge loan payment is calculated
Investor bridge loans are short-term, usually 12 to 18 months, and interest-only. You pay interest every month and repay the whole balance in one payment, the balloon, when you sell or refinance.
Loan = loan-to-value × purchase price or as-is value Monthly payment = loan × annual rate ÷ 12 Total cost = interest for the months you hold it + points + lender fees + any extension fees
Two terms change the cost more than investors expect. Minimum interest means you owe a set number of months of interest even if you repay early, so a quick exit can cost as much as a slower one. Extension fees, often 0.5–1% of the loan for each extra three months, apply once you run past the term.
Worked example
A $500,000 purchase at 75% loan-to-value is a $375,000 bridge loan. At an example 10.75% rate the interest-only payment is about $3,359 a month. Repaid after 9 months, the interest is about $30,234; add 2 points ($7,500) and $1,500 of lender fees and the loan costs about $39,234, or roughly 13.9% a year all-in. Cash to close on the purchase, with 2% title and closing costs, is about $144,000. Illustrative numbers only.
Purchase or refinance
Switch Loan purpose to Refinance or cash-out to enter the loan you are paying off. The calculator then shows the net cash you take out after the payoff, points, fees and closing costs instead of cash to close.
Bridge loan vs hard money
A bridge loan is sized on the property’s current value and suits a purchase or refinance that needs little or no work. A hard money fix and flip loan adds a rehab budget released in draws and is sized on cost and after-repair value. If there is a renovation, use the hard money loan calculator.
Bridge loan calculator questions
How do you calculate a bridge loan payment?
Most investor bridge loans are interest-only, so the payment is the loan amount times the annual rate divided by 12. A $375,000 loan at 10.75% is about $3,359 a month, with the full $375,000 due at payoff.
How much can I borrow on a bridge loan?
Commonly up to about 75% of the purchase price or as-is value on residential investment property, depending on the property, your credit and your experience. See bridge loans for the program.
What does a bridge loan cost in total?
Interest for the months you hold it, plus points (each point is 1% of the loan), lender fees, and any extension fees. Divide the total by the loan and by the years held to get an all-in annual cost you can compare between offers.
What is a balloon payment on a bridge loan?
Because the loan is interest-only, none of the principal is paid down. The full balance is due in one payment at the end, usually from a sale or a refinance into a long-term loan such as a DSCR loan.
Is this calculator for buying a home before selling my current one?
No. The loans we arrange are business-purpose only: investment property held in an LLC or other entity, never a home you or your family live in.
Does Easy Lending USA charge a fee to look at my deal?
No. There is no application, processing or upfront fee of any kind. We are paid by the lender only when a loan closes.
More investor calculators
Comparing bridge quotes? Put them side by side in the loan comparison calculator. Refinancing out of the bridge into a rental loan? Check it with the DSCR calculator. All tools are on the calculators page.
Results are illustrative estimates based on the numbers you enter. They are not an offer or commitment to lend. Actual loan amounts, rates and fees are set by the lender after underwriting. Easy Lending USA is not a lender or a mortgage broker; we introduce real estate investors to independent private lenders. Business-purpose loans on non-owner-occupied investment property only.