Mortgage Tax Savings Calculator

Mortgage Tax Savings Calculator

Cutting how much you owe Uncle Sam is an awesome feeling!

If you itemize on your tax return, you could lower your taxable income by deducting mortgage interest and/or closing costs. This calculator can show you how much you could save.

 

This calculator is for educational purposes only and is intended as a resource to help you compare mortgage options. Accuracy is not guaranteed. All loans are subject to credit approval.

 

Grow your mortgage smarts

We’re here to help de-mystify mortgages. Learn more by visiting our Education Center for more tips, tricks, and mortgage know-how!

 

Education Center

First Mortgage Direct
9237 Ward Parkway Suite 300
Kansas City, MO 64114

Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.