Buying A Home > Tax Savings Calculator
Tax Savings Calculator
Did you know that the interest you pay each year on your home mortgage is tax deductible? It’s true! When you itemize your deductions on your income taxes, you may be surprised how much you can save in taxes when you deduct your mortgage interest (and points).
This savings is particularly useful if you are trying to decide if the time is the time to buy, helping make homebuying more affordable for some would-be buyers. Use this calculator to help estimate how much you could save in income taxes.