Bridge loan money is Interest Merely (IO) and you will computed which have simple focus Commercial money Of the multiplying the borrowed funds number plus the interest rate, and you will separating the end result from the a dozen (months), you may get the latest payment per month. There are no principal amortization payments within

While you are however within your secure-for the several months: Prepayment penalty Thus you’ve seen how much you will be expenses so it month toward your property loan, and you are undoubtedly provided switching to several other bank to your all the way down rates… Except that you don’t determine if refinancing is a great