Mortgage Tax Savings Calculator
Interest paid on a mortgage is tax deductible if you itemize on your tax return. So are points that are paid to lower your interest rate.
This calculator is for general education purposes only and is not an illustration of current Navy Federal products and offers.Footnote 1
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Disclosures
The interest on the portion of the credit extension that is greater than the fair market value of the dwelling is not tax deductible for Federal income tax purposes.
Consult with your tax advisor for more information about tax deductibility.
↵This content is intended to provide general information and shouldn't be considered legal, tax or financial advice. It's always a good idea to consult a tax or financial advisor for specific information on how certain laws apply to your situation and about your individual financial situation.