Home Mortgage Deduction Use this calculator to assess the potential benefits of a home mortgage deduction. You are viewing this website at a small screen resolution which doesn't support calculators. Click here to view this calculator. Share | Have A Question About This Topic? Name Email Address Question Thank you! Oops! Related Content Financial Fixes: The Hidden Costs of Home Ownership Six out of 10 millennials regret buying a home because they weren’t prepared for the hidden costs. 12 Steps to Living: Horizon, Risk Tolerance, and Compounding Understand the concepts of horizon, compounding, and risk tolerance, and create an investment plan. Video: A Time to be Thankful This Thanksgiving, replace internal fears with external gratitude.