Calculates the amount you will save on taxes during the entire length of your mortgage. The savings in taxes from your mortgage can really help you with your budget. One can't avoid paying taxes, but understanding how they work makes you a smarter homeowner.

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Tax Benefits Calculator

Input
Property Info
Home Value ($)
Years Before Sell (Yrs)
Loan Info
Amount ($)
Interest (%)
Loan Length (Yrs)
Points (%)
Taxes and Insurance
Annual Property Taxes
Annual Insurance
Annual PMI
Your Tax Rates and Deductions
Your Tax Rate (%)
State Tax (%)
Annual Deductions ($)
Financial Analysis
Amount Financed $198,000.00
Monthly Payment $1,247.74
Monthly Property Taxes $250.00
Monthly Insurance $125.00
Months with PMI 0
Monthly PMI $0.00
Total Monthly Payment $1,622.74
  First Years Total
Interest and Points $63,814.88 $251,186.33
Total Property Taxes $15,000.00 $90,000.00
Total Annual Deductions $15,000.00 $90,000.00
Total Deductions $93,814.88 $431,186.33
Tax Savings $29,082.61 $133,667.76
Average Payment After Taxes $763.03 $876.44

 
Mortgage
Rates
Loan Type
Today
1-Year ARM
5.46%
5/1 ARM
5.75%
15-Year Fixed
6.14%
30-Year Fixed
6.29%
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