Bridge Loan
Calculator —
know your cost first.

Short-term financing (lender-dependent, often capped at 90 to 120 days) that bridges the gap between your new home's closing date and your existing home's sale closing. Charged by the day at a rate of typically prime + 1-4% (about 5.45-8.45% with the big-bank prime rate at 4.45% in September 2026; check today’s rates), plus a one-time setup fee of $300-1,000 and a small legal cost to register the loan.

Math: (bridge amount × annual rate × days) ÷ 365 + lender fee + legal. $300K bridge at an assumed 7.5% for 30 days = $1,849 in interest + $400 lender fee + $500 legal = about $2,749 total. In our experience, many bridge files cost roughly $1,000 to $3,500 in total, depending on the bridge amount and duration. The donut above splits your exact cost.

Your new home's down payment is locked in your current home's equity, which isn't liquid until your sale closes. The bridge loan advances that equity on your purchase closing day, secured against your firm (unconditional) sale. When the sale completes, the sale proceeds repay the bridge in full — so it only exists for the days between the two closings.

Non-simultaneous closings — your new home closes Monday but your old home doesn't close until Friday. You need bridge financing to fund the down payment from your old home's equity before that equity is liquid. Most A-lenders offer bridge as part of the new mortgage package.

Almost always, yes. A-lenders require a firm, unconditional sale agreement on your existing home before they'll advance bridge funds — they're lending against known proceeds with a known payoff date. Without a firm sale you're into more expensive private bridge or open-bridge territory.

Three options: (1) arrange both closings on the same day (sometimes possible, often not), (2) close your sale FIRST and rent for a few days, or (3) use a HELOC against your existing home for the down payment instead of bridge. The bridge route is usually cheapest for short gaps.

Most big banks and many monoline lenders offer bridge financing alongside a purchase mortgage, with limits on amount and term that vary by lender. We coordinate the timing across both closings on every move file.

$0 to you on standard A-lender bridge files. We coordinate the bridge alongside your purchase mortgage at no additional brokerage fee — the lender pays us at closing, disclosed in writing on every file.