Use these comparisons for planning; final eligibility, pricing and terms are set by the provider.
Loan routes for this transaction
| Financing route | When to compare it |
|---|---|
| Bridge Loan Options | Compare short-term funding with an identified payoff event. |
| Home Equity Lines of Credit | Review an eligible equity-access alternative before a sale. |
| Mortgage Recast Options | Ask the new servicer about a later payment recalculation after sale proceeds arrive. |
The exit plan needs a delayed-sale budget
A bridge loan can address timing but creates its own interest, fees and maturity risk. A home-equity route may have different availability and repayment terms. Confirm how the new mortgage lender treats both homes’ debts and whether funds must be available before the purchase closes.
Terms to confirm before choosing the route
Model overlapping payments, selling costs and a delayed sale. Compare a bridge structure, an eligible equity route, a contingent purchase or waiting for sale proceeds. Any temporary financing needs a defined repayment source and a backup plan.
A specific financing scenario
Illustration: carrying $2,000 on the old home and $2,600 on the new home for three months costs $13,800 before a bridge loan’s own charges, repairs or moving costs.
Documents and transaction inputs
| Document or information | How it is used |
|---|---|
| Current liens and equity, purchase and sale timelines, liquidity, overlap expenses and realistic net sale proceeds | Keep the current version and confirm the actual provider’s requirements; no upload is requested here. |
Compare payment, upfront cash and exit cost
Price the change against leaving the existing arrangement in place where that is an option. Include cash paid now, charges financed into a balance, any added monthly payment and the obligation remaining at a sale or refinance. If the choice changes the term or releases cash, label those differences. A payment reduction alone is not proof of a lower-cost transaction.
Run the relevant calculation with your own figures; a modeled amount is not an approval or provider quote.
How to move from comparison to the actual provider
Choose the product route that addresses the circumstances above. Confirm that the actual provider accepts the income, property, state and transaction purpose. Request the current documentation and written terms through its verified channel, then compare an alternative on the same assumptions. Do not upload documents or rely on a financing deadline merely because a comparison tool returned a result.
Transaction limits and repayment risk
A listed home is not a completed sale. Do not commit to a purchase that can be sustained only if the first buyer closes on the first planned date.
Questions about this financing route
Can expected sale proceeds be treated as available cash today?
Not without an appropriate and approved financing arrangement. Until the sale closes, price, timing and net proceeds remain uncertain.
Select a financing route
Program references and comparison sources
CFPB: Loan Estimate explainer — Comparison of covered mortgage disclosures, cash to close, points, lender credits and monthly costs.
CFPB: Understand the different kinds of loans available — Loan structures, terms and repayment risks; not provider-specific eligibility.
Check the linked source for its effective date and applicable scope. A source link is not a lender partnership or an individual offer.