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Appendices > Chapter 8: Mortgage Tax Savings Calculator

Chapter 8: Mortgage Tax Savings Calculator

Because mortgage interest and property tax payments are tax deductible, the resulting tax savings often mean that the true cost of buying a house is significantly less than it seems. The Mortgage Tax Savings Calculator is designed to show you just how much less the cost is. It is shown in Figure A.14.

Figure A.14. The Mortgage Tax Savings Calculator.



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