Simulator Bridge Loan
Estimate the cost of your bridge loan: bank advance, monthly interest and sale scenarios.
Understanding bridge loans
A bridge loan lets you buy a new property before selling your current one. The bank advances 60 to 80% of the estimated value of the property being sold.
When to use a bridge loan?
- You found a new property but your current one isn't sold yet
- You want to avoid renting between two purchases
- You need cash for the down payment on the new property
- You want to secure a purchase before selling
How does a bridge loan work?
The bank lends you 60 to 80% of your property's estimated value (typically 70%). You only pay monthly interest (no principal). The principal is repaid in one lump sum when your property sells. Duration is 12 to 24 months maximum.
Frequently asked questions about bridge loans
Everything you need to know about bridge loans