Skip to main content

Canadian Bridge Loan Cost Estimator

Estimate your bridge loan costs when buying a new home before your current home closes. Calculate the required loan amount and total interest costs based on the gap between your closing dates.

Current Home Details (Selling)

$
$
$

New Home Details (Buying)

$
$
$

Bridge Loan Terms

Days
Number of days you own both homes.
%
Typically Prime + 2% to 4%.
$
One-time setup fee.
Insufficient Equity

Your required bridge loan exceeds your available net equity.

Total Bridge Cost

$0

Total interest + admin fees.

Bridge Loan Breakdown
  • Required Bridge Loan Amount $0
  • Available Net Equity $0
  • Daily Interest Cost $0
  • Total Interest (0 days) $0
How this works

A bridge loan covers the gap when your new home closes before your current home. Lenders typically allow you to borrow up to your current home's Net Equity (Sale Price - Mortgage - Costs). The loan is fully repaid when your current home closes.

Related Calculators

🏠

Mortgage & Stress Test

Core payment calculator with stress test.

 💡

Affordability Calculator

Maximum home price from GDS/TDS ratios and stress-test rules.

 🛡️

CMHC Insurance Premium

Default insurance premium tiers and PST due on closing.

 ⚠️

Mortgage Penalty (IRD)

Break penalty: 3-month interest or IRD.

 📆

Payment Frequency Savings

Monthly vs bi-weekly vs accelerated — interest and time saved.

 🔄

Change in Use (Deemed Disposition)

Calculate deemed capital gains tax and Section 45(2)/(3) deferrals when converting a primary residence to a rental or vice versa.

 🏠

Secondary Suite Buying Power

Calculate extra mortgage power unlocked by a legal basement suite using CMHC rental add-back.

 🏢

Rent Control Exemption Premium

Calculate the extra property value created by having a rent-control-exempt building.

Suggested Properties

High Traffic Retail Plaza

High Traffic Retail Plaza

Excellent property available immediately. Great location and competitive price...

$0.00
Modern Industrial Warehouse

Modern Industrial Warehouse

Excellent property available immediately. Great location and competitive price...

$0.00
Luxury Suburban Home

Luxury Suburban Home

Excellent property available immediately. Great location and competitive price...

$0.00
Skyline View Condo

Skyline View Condo

Excellent property available immediately. Great location and competitive price...

$0.00