Estimated Tax Savings

Enter the borrowed amount of your home loan: $
Enter your repayment term in months: months
Enter the quoted rate (APR) for your home loan: %

Enter your current Income Tax Bracket:

Tax Brackets:
  15%
  25%
  28%
  33%
  35%
IRS Tax Rate Schedules (Tax Bracket) PDF file

%
*
 
Monthly Mortgage Payment: $
After Year 1
Total Amount Paid: $
Potential Tax Savings* $
Net Annual Amount Paid* $
Estimated Effective Interest Rate* %

* Calculations are based upon the assumptions you entered. Please note that rounding errors can make a small difference in calculations. Your actual lending rate may vary depending on your credit quality and lender. The circumstances surrounding your credit and loan qualifications may result in different calculations.

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