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Bridge Loan Calculator
Bridge Loan Calculator to calculate the monthly mortgage payments for bridge loans. A bridge loan is a short term loan used to fill in the gap between financing the purchase of a new home before selling your old home.
Bridge Payment Calculator |
||||||
Monthly Payment: |
$1,834.41 | |||||
Balloon Payment: |
$249,746.00 | |||||
Total Principal Paid: |
$250,000.00 | |||||
Total Interest Paid: |
$19,924.53 | |||||
Total Payment: |
$269,924.53 | |||||
Bridge Loan Amortization Schedule |
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| Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
|---|---|---|---|---|---|---|
| Apr, 2024 | 1 | $1,666.67 | $167.74 | $1,834.41 | $249,832.26 | |
| May, 2024 | 2 | $1,665.55 | $168.86 | $1,834.41 | $249,663.39 | |
| Jun, 2024 | 3 | $1,664.42 | $169.99 | $1,834.41 | $249,493.40 | |
| Jul, 2024 | 4 | $1,663.29 | $171.12 | $1,834.41 | $249,322.28 | |
| Aug, 2024 | 5 | $1,662.15 | $172.26 | $1,834.41 | $249,150.02 | |
| Sep, 2024 | 6 | $1,661.00 | $173.41 | $1,834.41 | $248,976.61 | |
| Oct, 2024 | 7 | $1,659.84 | $174.57 | $1,834.41 | $248,802.04 | |
| Nov, 2024 | 8 | $1,658.68 | $175.73 | $1,834.41 | $248,626.31 | |
| Dec, 2024 | 9 | $1,657.51 | $176.90 | $1,834.41 | $248,449.41 | |
| Jan, 2025 | 10 | $1,656.33 | $178.08 | $1,834.41 | $248,271.32 | |
| Feb, 2025 | 11 | $1,655.14 | $179.27 | $1,834.41 | $248,092.05 | |
| Mar, 2025 | 12 | $1,653.95 | $248,092.05 | $249,746.00 | $0.00 | |
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