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Bridge Loan Payment Calculator

Bridge loans are short-term, interest-only loans used to bridge financing gaps. This calculator prices the monthly payment, origination fee, and total cost so you can budget for the bridge period accurately.

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Monthly payment

$1,619

Due at payoff / sale

$185,000

Total financing cost

$13,413

interest + origination

Origination fee

$3,700

Total interest

$9,713

How the math works

Bridge loans are short-term (typically 3-12 month) facilities at higher rates used to span a gap: buy before sell on a move-up purchase, close on a property before permanent financing, or fund a rehab before refinance. Typical rates 9-13% plus 1-3% origination.

Interest-only is the standard structure — the bridge principal is repaid as a balloon when the underlying event occurs (sale closes, refinance funds). Make sure the bridge term gives comfortable buffer vs the expected payoff event; extensions usually carry extra fees.

How to Use

  1. Enter bridge loan amount.
  2. Enter rate. Bridges typically run 9-13%.
  3. Enter term — 6-9 months common; 12+ for larger projects.
  4. Enter origination fee percentage.
  5. Pick payment structure.

Frequently Asked Questions

When should I use a bridge loan?

Buy-before-sell on a move-up purchase, fast close on an investment property, or bridging a construction-to-perm gap. Make sense when the higher rate for short period is less than the cost of waiting or losing the deal.

What's a realistic bridge rate?

Consumer bridges from banks: 8-10%. Private/hard money bridges: 10-14%. Plus 1-3% origination. Institutional bridges for commercial real estate can go lower (7-9%) but require more documentation.

What if the payoff event is delayed?

Extension fees typically 1-2% per extension period. Some bridges also have default rates (2-5% above note rate) that kick in past maturity. Budget a cushion — don't assume best-case timing.

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