Effective Tax Calculation

effective tax rate

Enter the quoted rate (APR) for your home equity line or loan:

Note: your rate may vary depending on credit quality, LTV position and loan amount.

Enter your current Income Tax Bracket:

Tax Brackets:
  15%
  25%
28%
  33%
  35%
IRS Tax Rate Schedules (Tax Bracket) PDF file

Your Effective Tax Rate: ⁽¹⁾

⁽¹⁾ The Effective Tax Rate is the calculated annual interest rate that you would pay if you deducted qualifying interest charges from your taxes.

See your tax advisor to determine whether your interest charges qualify for tax deductiability.

* Calculations are based upon the assumptions you entered. Please note that rounding errors can make a small difference in calculations. Your actual lending rate may vary depending on your credit quality and lender. The circumstances surrounding your credit and loan qualifications may result in different calculations.

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