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!

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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.

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