What are the tax savings generated by my mortgage?
With the interest on a mortgage being deductible when you itemize deductions, it may surprise you how much you can save in taxes. Use this calculator to determine your potential tax savings with a mortgage. (Consult your tax advisor regarding the deductibility of interest.)
This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. The calculations do not infer that the company assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results. The information supplied/generated does not constitute a pre-approval, pre-qualification or application, nor an offer to lend. Inquire with a NOIC, Inc. (It’s family of companies, Concord Mortgage Group, NOIC Home Mortgage Lender, Ownium) for further details, terms, conditions, and products.