Jeff Slater : Mortgage Originator

Inputs

Value of current home:

$

Payoff of 1st mortgage:

$

Payoff of 2nd mortgage (if applicable):

$

Results

Bridge Loan:

$

Minus six months interest holdback (this allows you to qualify on the payment for the new home only):

$

Minus interest for days left in month (estimate of fifteen days):

$

Minus estimated closing costs (estimate of 0.25% of bridge loan amount):

$

Net bridge:

$