Use this calculator to estimate your monthly interest costs and potential total interest for the bridging period.
Note: This is for illustrative purposes only; actual terms may vary based on your property, credit, or our guidelines.
Disclaimer: This calculator assumes interest-only payments on the borrowed amount. Closing costs, fees, or specific underwriting conditions are not included in this simplified model.
Estimate your interest-only payments over a short-term bridging period. Actual terms vary based on your property and final underwriting.
Estimated Loan Amount:
Based on the property’s value (or purchase price) times your chosen LTV%. E.g., if the property is $250k and LTV is 70%, the loan is $175k.
Monthly Interest-Only Payment:
This is your cost per month to carry the bridge loan (no principal paid down), assuming the annual interest rate you provided.
Total Interest Over Term:
The sum of those monthly interest-only payments for the entire bridging period (e.g., 6 months).
Remember to factor in possible origination fees, closing costs, or points separately, which are not included here.
Disclaimer: These figures are approximate. Actual numbers can vary based on your final underwriting, property condition, and any special fees or rate adjustments. For a precise quote, please contact an Alpha Lending representative.
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