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Everyone knows about the mortgage interest tax deduction. This calculator takes in the mortgage terms and outputs the tax deduction for all years of the loan. Run as many scenarios as you like using this free mortgage calculator!

Be sure to favorite this page to make it easy to return over and over again! Use the link "Back to the Calculators" to return to the Mortgage Calculators menu and try other Calculators

Instructions: Starting with the first line of entry fields, change the values in each one to suit your scenario. Hit "Calculate" to move forward.

The results will allow you to see year by year the tax deduction savings. You can divide each year's savings by 12 to see how much Uncle Sam is subsidizing your mortgage on a monthly basis.

Go to Next Calculator:» Bi-weekly Mortgage Calculator

How much will my tax deduction be?

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Want to know how much your home loan will save you in taxes? Fill in the boxes below to find out.

Input Information
Total Home Loan Amount: $
Annual Interest Rate: %
Term of the Loan: years

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