Bridge Loan Calculator
Calculate the total cost and monthly payments for a bridge loan based on loan amount, interest rate, and loan term.
Published by:
isCalculator Editorial Team
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How to use this tool?
Follow these steps to calculate your bridge loan payments:
- Enter Loan Amount ($) – Input the total loan amount (e.g., 500,000). Must be greater than $0.
- Enter Annual Interest Rate (%) – Provide the yearly interest rate (e.g., 8.5). Can be 0% for interest-free loans.
- Enter Loan Term (months) – Specify the loan duration in months (e.g., 12). Must be at least 1 month.
- Click "Calculate" – The calculator will display:
- Monthly Payment – Fixed payment due each month.
- Total Interest Paid – Total interest over the loan term.
- Total Cost – Sum of principal and interest.
Note: Results update automatically as you type. All inputs must be positive numbers (interest rate can be zero). The formula uses monthly compounding.
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Frequently Asked Questions
A bridge loan is a short-term loan used to 'bridge' the gap between the purchase of a new property and the sale of an existing one.
The monthly payment is calculated using the standard amortization formula: M = P[r(1+r)^n]/[(1+r)^n-1], where P is the loan amount, r is the monthly interest rate, and n is the number of months.
Yes, this calculator works for any fixed-rate amortizing loan, but it is optimized for bridge loans with typical short terms.
