TaxHQ

Mortgage calculator

PITI, year-1 interest, and the § 163 deductibility — split by primary vs rental vs investment use.

Loan

%

Auto-derived from purchase price + down payment. Edit directly for refis or a custom loan structure.

Use of proceeds

Primary residence — interest deductible on Schedule A up to the $750,000 acquisition-debt cap (§ 163(h)(3)).

Property tax (optional)

For primary residences, property tax + state income tax is capped at $10,000 combined under SALT.

Origination & tax year

Drives the calendar-year deductible. A loan that closes mid-year only deducts the months actually paid that year.

Defaults to the origination year. Pick a later year to model the deduction in years 2+.

Monthly payment

$—

Enter a loan amount to see your payment + year-1 interest.

2026 interest paid

$—

2026 deductible

$—

PI per year

$—

Lifetime

Total payments over term$—
Total interest paid$—