Home Mortgage Deduction

For those who itemize deductions, the mortgage interest on their main home and on a second home may be deductible. Use this calculator to estimate your potential tax savings.
Loan Information
Loan amount eligible for interest deduction (not to exceed $750,000) ($) 
Annual interest rate (%) 
Marginal tax bracket (%)help
Number of months (30yrs=360) 
Desired table display monthly or yearly? 
This is a hypothetical example used for illustrative purposes only. This calculator provides projections based on certain assumptions. It is not intended to provide specific investment advice. Please consult a tax professional for specific information regarding your individual situation. The home morgtgage deduction is subject to Congressional action.

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