Use the mortgage tax savings calculator to determine how much your mortgage payments could reduce your income taxes. The interest paid on a mortgage, along with any points paid at closing, are tax deductible if you itemize on your tax return. Use this calculator to see how this deduction can create a significant tax savings.
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Mortgage, home equity and credit products are offered by CapTex Bank. Equal Housing Lender. Deposit products are offered by CapTex Bank. Member FDIC.