What are the tax savings generated by my mortgage?
Did you know that if you itemize your deductions, you can deduct the interest on your mortgage for tax savings? Make sure to consult your tax advisor regarding the deductibility of interest. Use this calculator to determine your potential tax savings with a mortgage.
This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. The calculations do not infer that the company assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.