Mortgage Tax Credit

This mortgage tax credit calculator helps you to determine how much you may be able to save in taxes. Determining factors may be, but are not limited to, loan amount and term, interest rate, federal and state tax rates, and property taxes. This calculator also calculates your after-tax interest rate on the loan. Tax savings on a mortgage loan increase at higher income tax rates. Mortgage interest is generally tax-deductible, reducing the after-tax interest rate.

The availability, qualifications and amounts of these coverages and discounts may vary from state to state. In addition, other terms, conditions and exclusions not described above may apply, and total savings may vary depending on the coverages purchased. In some states, we may offer coverages and discounts that are not listed here. For more information regarding your eligibility for certain coverages and savings opportunities, please contact your Allstate agent.

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