Calculator
Mortgage Tax Savings
Estimate your federal income-tax savings from mortgage interest + capped state/local taxes. Not tax advice — confirm with a CPA.
Loan
Tax profile
Estimated federal tax savings (year 1)
$1,019
Itemize vs standard deduction
Mortgage interest (year 1)$24,633
SALT (capped at $10,000)$10,000
Total itemized$34,633
vs. standard deduction (marriedJoint)$30,000
Benefit of itemizing+$4,633
Your marginal federal rate22%
Should you itemize?
Yes
SALT cap impact
$2,900
Disclaimer: Estimates only, using 2025 federal brackets & standard deductions. Excludes state-level itemizing differences, AMT, NIIT, charitable deductions, and other Schedule A items. Confirm with your CPA before acting. The TCJA SALT cap is scheduled to revert at end of 2025 unless extended.