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What are the tax savings generated by my mortgage?

With the interest on a mortgage being deductible when you itemize deductions, it may surprise you how much you can save in taxes. Use this calculator to determine your potential tax savings from mortgage interest deductions.

Loan Information

Loan amount $
Annual interest rate (0-30) %
Number of months: (30yrs=360) (1-360)
Marginal tax bracket: (0-50) %
Desired table display monthly or yearly?
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This calculator is provided by Financial Calculators, Inc., and is intended solely for general information and education purposes. You should not take any action on the basis of the information provided through this calculator. Please see the disclaimer for further information and limitations.

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