Bridge Loan
Lending & MortgagesA short-term loan used to bridge the gap between buying a new home and selling the current one.
Example
Example: Suppose you take out a $300,000 30-year fixed mortgage at 6.5%. Understanding bridge loan helps you see how your monthly payment of approximately $1,896 is structured — and how this concept affects your total cost over the life of the loan. Use our mortgage calculator to see how bridge loan impacts your specific situation.