Bridging Loan Calculator
Easy to use bridging loan calculator
Simply enter the bridging loan amount required and the monthly rate of interest. By default the monthly rate of interest is set at 1% and the amount required is set at £100,000.
By clicking on ‘calculate’ the bridging loan calculator will work out how much interest is charged each month on a bridging loan facility, according to the information entered for loan amount required and the monthly interest rate.
There is also a facility for entering the arrangement fee charged by bridging finance providers. By default this is set at 2% and is added to the bridging facility. The arrangement fee amount is displayed and monthly interest charges are calculated taking this added arrangement fee into account. For calculation purposes the 2% default can be changed or removed completely by entering 0.
Bridging loan calculator explained
Our bridging finance calculator is similar to a mortgage calculator, but instead of calculating monthly repayment figures the bridging loan calculator provides information about the monthly interest charged and the lenders arrangement fees.
Easy to use bridging loan calculator for calculating bridging loan costs based on amount, loan rates and fees. Free bridging finance and mortgage calculator.
Bridging loan costs
Monthly interest charges are calculated based on the information provided for the bridging loan rate and also the fee amount.
The fee amount entered is extremely relevant to the overall bridging loan costs as the lenders arrangement fee is added to the loan facility.
Other bridging loan costs can include valuation fees and legal costs.
Please contact us for more information about the best bridging loan rates.