Mortgage Tax Calculator

Easy-to-Use Tools for Planning Your Finances

Kennebec Savings Bank has convenient financial calculators available to help you plan for your needs, achieve your goals, and realize your dreams.

Please note: these calculators are designed for illustrative purposes only. They should not be considered legal, tax, or financial advice.

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Mortgage Tax Savings Calculator

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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For more information about these financial calculators please visit: Dinkytown.net Financial Calculators from KJE Computer Solutions, Inc.

Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.