Interest paid on a mortgage is tax deductible if you itemize on your tax return. So are points that are paid to lower your interest rate. Use this calculator to determin how much you could save.

 
Property Value ($)
Loan Amount ($)
Interest Rate (%)
Loan Term (years)
Points (%)
Calculate Tax Savings After (years)
Property Tax Rate (%)
Your Income Tax Rate (%)
 

DISCLAIMER:

Although the information contained here is presented in good faith and believed to be correct, it is general in nature and is not intended as tax advice. The information on the web calculators should not be used in any actual transaction without the advice and guidance of a professional Tax Adviser who is familiar with all the relevant facts.

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