Annual Tax Savings From Buying
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Renting (Standard Ded.)
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Federal tax
VS
Owning (Itemized)
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Federal tax
Deduction Breakdown
Mortgage interest deduction
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Property tax deduction
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State income tax (SALT)
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SALT cap applied ($10,000)
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Other itemized deductions
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Total itemized
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Standard deduction
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Premium Analysis
Unlock rent vs buy comparison, break-even timeline, and 5-year projection.
Rent vs Buy Monthly Cost PRO
Estimated monthly cost comparison including tax savings.
Estimated Rent
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per month
Owning Cost
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per month (net of tax savings)
Buy vs Rent Break-Even
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5-Year Tax Benefit Projection PRO
As you pay down the mortgage, interest decreases and so does the deduction.
| Year | Mortgage Int. | Total Itemized | Tax Savings |
|---|
TaxCheck