A better deal starts with the numbers.
Explore a purchase-to-refinance example, adjust the assumptions, and see how the pieces fit together.
Run your numbers.
Start with a property. Adjust the assumptions to explore your deal.
Financing assumptions · editable
*Initial advance ÷ purchase price, used as a proxy for as-is value. Total bridge commitment: $198,000, including a $45,000 renovation holdback. †Purchase plus renovation less bridge commitment; excludes closing costs, interest, draw fees, reserves, and overruns.
Refinance proceeds less bridge principal: $34,500 before payoff interest, fees, and closing costs. A negative result means an estimated payoff shortfall. These assumptions are educational, not offered loan terms.
Get a personal scenario reviewHow this example works
On a $180,000 purchase with $45,000 renovation, an 85% purchase advance and 100% renovation funding produce a $198,000 bridge commitment, below the $232,500 cap at 75% of ARV. Purchase down payment is $27,000, before fees and reserves. The renovation allocation is a holdback, not cash delivered to you at purchase.
A $232,500 refinance at an assumed 7.5% over 30 years has approximately $1,626 monthly principal and interest. $2,600 rent gives roughly 1.60× P&I-only coverage. Taxes, insurance, HOA, operating expenses, lender limits, and payoff costs change the result.
Try a stress test
Reduce ARV by 10%, reduce rent by 10%, or add 15% to the renovation budget. Is there still enough liquidity to finish the project and pay off the bridge loan?
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