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Bridge Financing

Buy your new home before selling your current one

What is bridge financing?

Bridge financing lets you buy your new home before selling your current one - your lender advances the equity from your current home for up to 90 days. This calculator shows you what that costs.

Your Current Home

Expected sale price
Remaining mortgage
Current monthly payment
$
Used to estimate carrying costs during the bridge period
Estimated selling costs: $46.8K (5.5% for commission + closing)

Your New Home

Purchase price
Down payment required
Cash you have available
Cash savings, not including equity from current home

Bridge Terms

Bridge loan rate
%
Current prime: 4.45% · Bridge rates are typically prime + 1–3%
Bridge period
days
Most lenders allow up to 90 days; some extend to 120
Quick preview
Equity available$383.3K
Bridge needed$160K
Daily interest$28
Total bridge interest$1.7K
New mortgage$960K
Combined carrying cost$15.5K
Current mortgage + new mortgage + bridge interest
Analysis results

Bridge needed: $160K

Equity available
$383.3K
From current home sale
Bridge loan needed
$160K
Gap between cash and down payment
Total bridge interest
$1.7K
For 60 days at 6.45%
New mortgage
$960K
After 20% down

Your bridge timeline

Current home
Until sold
Bridge period
60 days
New home
Owned
Current mortgage
$5K
for 60 days
New mortgage (est.)
$8.8K
for 60 days
Bridge interest
$1.7K
for 60 days

Combined carrying costs during bridge

Current home mortgage$5K
New home mortgage (estimated)$8.8K
Bridge loan interest$1.7K
Total carrying cost$15.5K

Is bridge financing right for me?

You have $383.3K in equity - lenders typically require positive equity in your current home to offer bridge financing.
You have a firm or conditional offer accepted on your new home - most lenders require a purchase agreement to approve bridge financing.
Your bridge period is 60 days - within the typical 90-day limit.

Talk to a lender about bridge financing

Not all lenders offer bridge financing, and rates vary. We'll connect you with a mortgage professional who can review your situation and find the best option.

Get expert eyes

Want a second opinion on these numbers?

A local Team Homees agent can walk you through what this means for your next move.

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Verified Homees agents · replies within 24h
No cost, no obligation
They see your full report
Local market expertise

Take your numbers with you

Download your bridge financing analysis to share with your lender or agent. Earns +50 IQ.

Estimates only - actual bridge financing terms, rates, and availability vary by lender and province. Not all lenders offer bridge financing. Speak with a mortgage professional before making decisions.

Keep going

Your next 3 moves
Affordability Calculator

Check your budget for the new home.

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True Cost of Owning

Full carrying cost on both properties.

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Home Value Check

Estimate your current home's value.

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