You can use this bridging loan calculator to see what your bridging loan repayments may be and if you will be able to afford a bridging loan.
The results of this sample bridging loan calculator are only for guidance and may not reflect your true mortgage affordability with or any other bridging loan lender.
Bridging loan calculator
How this calculator works
For this bridging loan Calculator you will need to input:
The property value
The outstanding mortgage
The loan amount you want
The term you want for your loan
The interest rate you foresee paying for your loan
The lender’s arrangement fee
and the lender’s exit fee
The calculator results here are based on the APR for the amount you entered in the interest column. Your actual rates and repayments may differ and will be based on your personal circumstances, the loan amount and term.
This bridging loan Calculator is only for guidance and may not truly reflect your mortgage affordability.
If you need financial advice and you live in the UK then you could contact the Money Advice service over the phone or via chat for impartial advice.
You can also contact the debt charity “Step Change” if you are in debt and need help.