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. Have A Question About This Topic? Name Email Address Message Thank you! Oops! Related Content Insuring Your Second Home There are unique risks of owning a second home and obtaining the proper coverage may protect you from financial risk. Risk Perspective Is it possible to avoid loss? Not entirely, but you can attempt to manage risk. Lifetime of Earnings Estimate how much you have the potential to earn during your working years.