Whenever we go to the market to buy anything, the most important issue about which we are concerned is the cost of that thing. It is the case in each and all deal in our lives. People mostly run after the things which are cost effective and are in their range. There comes a situation in life when a person has to make unexpected payments even if he is not wiling to pay them, whether he has cash in hands or not he is supposed to make payments. Bridging loan, as the name suggests, is the type of loans which helps a person to overcome the financial gap which people encounter. But one problem with these kinds of loans can be the terms and cost of these loans. These loans are short term loans. Moreover, these loans come up with high rates of interest. You will have to pay 15% of the interest rate on these loans. These loans are least concerned about the credit rating and are concerned with the real estate you own. If you think that these loans are solution of your problems then you must calculate its cost before applying for these loans. To calculate the cost of bridging loans, you must try any of the calculators available online. Most of the times, these online calculators offer free services for the calculation of the cost of these loans. There is a variety of these calculators available online. While using these calculators, you will have to know the exact value about certain things i. E. Purchase price of cash available, amount of the first mortgage and rate of interest on it, its first term and second mortgage rates etc. All these values must be submitted and you will be provided with the results. One thing which should always be kept in mind is that these calculator can give a person rough estimate of the total cost. This estimate would be round about and will be nearer to the real value but it will not be the exact figure. So whenever you will be calculating these loans, always keep a difference of little amount in mind.