You can determine the tax deduction benefits of taking out a mortgage loan to buy a home. Calculator Home Price ($) Loan Amount ($) Mortgage Rate (% per annum) Points Loan Period (Number of Years) Month of Purchase JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember Filing Status SingleMarried Tax Rate 10%15%25%28%33%35% State Tax Rate (%) Real Estate Taxes Medical & Dental Gifts & Charity Thefts & Losses Job Expenses Compute Reset Compare Payments Monthly Mortgage Payment Loan Points Interest Paid Standard Deduction Other Deductions Itemized Deductions Additional Tax Benefit After Tax Payment
