This paper presents a transient thermohydraulic modeling, initially developed for a capillary pumped loop in gravitational applications, but also possibly suitable for all kinds of two-phase fluid systems. Using finite volumes method, it is based on Navier-Stokes equations for transcribing fluid mechanical aspects. The main feature of this 1D-model is based on a network representation by analogy with electrical. This paper also proposes a parametric study of a counterflow condenser following the sensitivity to inlet mass flow rate and cold source temperature. The comparison between modeling results and experimental data highlights a good numerical evaluation of temperatures. Furthermore, the model is able to represent a pretty good dynamic evolution of hydraulic variables.