Buy before you sell · Daily interest cost · Free
Bridge Loan Calculator Canada
When your new home closes before your current home sells, you need a bridge loan. It's short-term financing at a premium rate — typically prime + 2–3%. Calculate your daily interest cost, total bridge fees, and what your mortgage looks like once the sale closes.
Educational calculators — always consult a licensed professional before making financial decisions.
The home you are buying before your current home sells.
The amount still owed on the home you are selling.
The expected sale price. We estimate ~4% realtor commission automatically.
Days between your purchase closing and your sale closing.
Total bridge loan cost
$3,224
For 30 days · Interest: $2,874 + $350 admin fee
After Your Sale Closes
Bridge rates vary by lender (typically prime + 1.5–3%). Estimates only — confirm with your lender.
Your Saved Scenarios
No saved scenarios yet
What you'll need
- ·New home purchase price
- ·Current mortgage balance on the home you're selling
- ·Expected sale price and number of overlap days
What you'll get
- ✓Daily interest cost — Of the bridge loan
- ✓Total bridge fees — Interest plus admin fee
- ✓Post-sale mortgage — What's left once your sale closes
How it works
Enter your new home purchase price and existing mortgage
The bridge loan amount is based on your net equity from the home you're selling, minus your existing mortgage and estimated realtor commission.
Set the expected sale price and bridge period
Enter your expected sale price and the number of days between your purchase closing and sale closing (typically 30–90 days).
See daily interest cost and total bridge cost
We calculate daily interest at prime + 2.2% (typical Canadian bridge rate), total interest, and what your mortgage looks like after the sale closes.
Bridge Loan Example — Buy $900K, Sell $750K, 60 Days
| Item | Amount |
|---|---|
| Net equity from sale (after mortgage + commission) | $370,000 |
| Bridge loan amount | $370,000 |
| Bridge rate (prime + 2.2% = ~9.45%) | 9.45% |
| Daily interest cost | $96/day |
| Total interest (60 days) | $5,760 |
| Lender admin fee | $350 |
| Total bridge cost | $6,110 |
| New mortgage after sale | $530,000 |
Bridge loan rates vary by lender (typically prime + 1.5–3%). Most banks require confirmed purchase AND sale agreements before approving bridge financing.
About this calculator
What is a bridge loan in Canada?+
A bridge loan (or bridge financing) is a short-term loan that lets you buy a new home before your current home sells. It bridges the gap between your purchase closing date and sale closing date — typically 30 to 90 days. The loan is secured against the equity in your existing home and paid off when your sale closes.
What interest rate do bridge loans charge in Canada?+
Bridge loan rates in Canada are typically prime rate + 2–3%, making them around 8.95–9.95% as of mid-2026. The rate is higher than a mortgage because the loan is short-term and unsecured until your home sells. Most lenders also charge a flat admin fee of $200–$500.
How long can a bridge loan last in Canada?+
Bridge loans in Canada typically run 30 to 90 days. Some lenders extend to 120 days, but longer periods are harder to arrange and more expensive. If your sale is taking longer than expected, communicate with your lender early to discuss options.
Do all banks offer bridge loans in Canada?+
Most major Canadian banks (RBC, TD, BMO, Scotiabank, CIBC) offer bridge financing, but only if you have confirmed purchase and sale agreements. Credit unions and mortgage brokers can also arrange bridge loans, sometimes with more flexibility. You generally need to be an existing client or have your mortgage with that lender.
Want to try different numbers?
Back to the calculator ↑Bridge Loan Calculator Canada is built and maintained by the RealCostIQ editorial team. Cost ranges and rates are checked against published industry data and contractor quotes, and revised when the underlying figures move. Read our data methodology or more about who builds this. Every calculation runs in your browser — no account, and none of your inputs are stored.
Cost ranges and rates here are checked against contractor quotes and published industry data. If a number still looks off, email Support@RealCostIQ.com and we'll review and fix it.