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for macintosh:
Tax Savings Worksheet
Enter the amount that you will be borrowing: $
Enter your repayment term in months: months

Enter your home equity loan/line rate (APR):

Note: your rate may vary depending on credit quality and must be secured by your home, which interest may qualify to be deducted from your taxes (i.e., home mortgage loans, home equity loans, home equity lines).

 %

Enter your current Income Tax Bracket:
(see IRS Tax Tables)

 %

For comparison, enter the rate of other loans that you may be considering (auto, marine, installment, etc.):

 %
*
   
  Home Equity Other Loan
Monthly Payment $ $
After Year 1    
Total Amount Paid $ $
Potential Tax Savings* $ $
Net Annual Amount Paid* $ $

* Calculations are based upon the assumptions you entered. Please note that rounding errors can make a small difference in calculations. The circumstances surrounding your credit and loan qualifications may result in different calculations. You need to consult your tax advisor for the applicability of tax savings.

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