Mortgage Interest Tax Deduction Calculator
Estimate first-year tax savings from deductible mortgage interest and points, then compare total principal and interest payments.
First year tax savings
₹ 0.00
Monthly payment
₹ 0.00
Rate after-tax
0.0%
APR after taxes
0.0%
Closing costs
₹ 0.00
Total payments
₹ 0.00
Total interest
₹ 0.00
How to Use This Calculator
- Enter your mortgage amount, term, interest rate, and federal and state tax rates.
- Open Additional information to include origination fees and points paid.
- Click Calculate to review first-year tax savings, after-tax rates, and the principal versus interest payment chart.
Frequently Asked Questions
What does first year tax savings include?
This estimate applies your combined marginal tax rate to first-year mortgage interest plus deductible points paid at closing.
How is the after-tax rate calculated?
The after-tax rate reduces the stated mortgage rate by your combined federal and state marginal tax rate, assuming state taxes are deductible on your federal return.
Is this tax advice?
No. This calculator is an estimate only and does not model SALT caps, AMT, or your full tax return.
