Estimated Tax Savings

Enter the borrowed amount of your home loan:
Enter your repayment term in months:

5yr=60 months, 10yr=120 months,
15yr=180, 20yr=240, 30yr=360

 months
Enter the quoted loan rate (APR): %
   

Enter your current Income Tax Bracket:

Tax Brackets:
  15%
  24%
  32%
  35%
  37%
IRS Tax Rate Schedules (Tax Bracket) PDF file

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

View Rates:
(links will open new window)

Home Equity Line (HELOC) Rates:
bankrate.com/home-equity/heloc-rates

Home Equity Loan Rates:
bankrate.com/home-equity/home-equity-loan-rates

Home Refinance Rates:
bankrate.com/mortgages/refinance-rates

Personal Loan Rates:
bankrate.com/loans/personal-loans/rates
  * Tax savings are based on whether you qualify to file mortgage-related deductions. 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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