Calculator · Bridging Buy before you sell calculator
See what happens if you buy your next home before selling this one: the most you’d owe, the interest the bridge adds, the loan you’d keep, and what a lower sale price would do. It starts with a move from $1.2 million to $1.3 million.
This bridge fits on these numbers
Peak debt stays under the lender limit, and the loan after the sale fits too.
Peak debt during the bridge
$1,822,666
- Of both homes
- 72.9%
- Interest added over the bridge
- $66,879
- Sale proceeds after costs
- $1,170,000
- Loan left on the new home
- $652,666
- Of the new home
- 50.2%
- Repayments after the sale, 30 years
- $3,871/mo
If the sale price is lower
- As expected
- $652,666 · $3,871/mo
- 5% lower
- $711,166 · $4,218/mo
- 10% lower
- $769,666 · $4,565/mo
Illustrative. Example rates only, not a quote, an offer or a comparison rate. Lender limits, terms and fees vary.
How the calculator works
Peak debt is your existing loan, plus the new home and its costs, minus any cash you put in, plus the interest added during the bridge. Lenders compare it with the value of both homes together.
The end loan is the peak debt minus what your old home sells for after selling costs. Lenders compare it with the new home’s value, and check your income supports it.
What to test before you commit
- A sale price 5% and 10% lower than you expect.
- A sale that takes twice as long, by doubling the months.
- A higher rate after the sale, to see the repayment with room to spare.
If any of these breaks the plan, selling first may be the better answer.
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