How do I figure out my tax refund for owning a home?

My husband and I are considering buying a home for the first time and I've heard about the tax break we'd get, but I'm not sure if there's a way to predict what refund we would get. It would greatly help in making our decision to buy or continue renting. If we're in the 25% tax bracket... show more My husband and I are considering buying a home for the first time and I've heard about the tax break we'd get, but I'm not sure if there's a way to predict what refund we would get. It would greatly help in making our decision to buy or continue renting.

If we're in the 25% tax bracket (combined income is $93,000) and pay 6.5% interest on a $160,000 mortgage loan, approximately how much should we get back?
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