Friday, July 4, 2008, 9:31AM ET - U.S. Markets Closed for Independence Day.
Taxes
What Are The Tax Savings Generated By My Mortgage?
Typically, the interest on a mortgage is deductible when you itemize deductions on your tax return. Use this calculator to determine potential tax savings with a mortgage.
| Loan Information | |
|---|---|
 | |
| |
| |
| |
{
"WS" : "ads1.finance.vip.sp1.yahoo.com/CalcService",
"fields" : {
"udata" : [
"loan_amount"
,
"interest_rate"
,
"term_months"
,
"tax_bracket"
],
"rdata" : {
"results_paragraph" : "results_paragraph"
,
"chart" : "chart"
,
"years" :
{
"year" :
[
{ "name" : "@period", "label" : "Period" }
,
{ "name" : "@beginning_balance", "label" : "Beginning Balance" }
,
{ "name" : "@interest", "label" : "Interest" }
,
{ "name" : "@payment", "label" : "Payment" }
,
{ "name" : "@ending_balance", "label" : "Ending Balance" }
,
{ "name" : "@tax_savings", "label" : "Tax Savings" }
]
}
}
}
}
Powered By 
This calculator is provided by Financial Calculators, Inc., and is intended solely for general information and educational purposes. You should not take any action on the basis of the information provided through this calculator. Please see the disclaimer for further information and limitations.
Rate This calculator
Rates
See today's average rates across the country.
-
Loan Type Today Last Week 30 Year Fixed 6.25% 6.27% 15 Year Fixed 5.77% 5.84% 1 Year ARM 6.14% 6.13% 30 Year Fixed Jumbo 7.30% 7.38% 5/1 ARM 5.58% 5.70% 3/1 ARM 5.44% 5.57% Source: Bankrate -
Loan Type Today Last Week $30K Home Equity Loan 7.64% 7.61% $50K Home Equity Loan 7.42% 7.40% $75K Home Equity Loan 7.69% 7.68% $30K HELOC 4.67% 4.66% $50K HELOC 4.38% 4.38% $75K HELOC 4.37% 4.37% Source: Bankrate -
Loan Type Today Last Week 36 Month New Car Loan 6.80% 6.80% 48 Month New Car Loan 6.84% 6.83% 60 Month New Car Loan 6.49% 6.48% 72 Month New Car Loan 6.32% 6.32% 36 Month Used Car Loan 7.14% 7.14% 48 Month Used Car Loan 6.84% 6.83% Source: Bankrate -
Card Type Today Last Week Balance Transfer 10.31% 10.03% Low Interest 11.01% 10.97% For Bad Credit 13.02% 13.12% Cash Back 11.47% 11.46% Business 11.10% 10.91% Airline 12.75% 12.69% Source: CreditCards.com
More from Yahoo! Sources
Sponsored Links
- Earn From 3.04% to 3.35%
- With AAA rated, GE Capital Corp. Not an offer of securities for sale.
- www.geinterestplus.com
- Search for Low Mortgage Rates
- Connect to the lender. Lock today. Apply online. Same day approvals.
- www.LowRateLoanSearch.com
- Forex Currency Trading
- Trade Forex Online with GFT. Free Practice Account. Try Risk-Free Now.
- www.GFTforex.com
- Countrywide® Home Loans
- No Closing Cost Refi Options. No Points or Processing Fees. Call Now.
- www.Countrywide.com
- Mortgage Brokerage Firm
- It takes more to sell your space than just ad's. We can help you CO.
- AeonFinancial.com
- stock information at Scottrade®
- Trade stocks for just $7. Unlimited shares. Trade like the pros.
- www.Scottrade.com