SANTA CLARA, Calif., Aug. 19, 2019 /PRNewswire/ -- "How much can I afford?" is one of the largest decisions that faces every home buyer, no matter his or her budget or where he or she wants to live. Realtor.com®, the Home of Home Search?, today announced an industry-first monthly payment filter that helps buyers stick to their budget by hiding homes that exceed their target monthly payment, as well as two new calculators that help take the financial guesswork out of home buying.
"At realtor.com®, we go beyond listings search to help people figure out what homes are right for both their lifestyle and budget," said Chung Meng Cheong, chief product officer, realtor.com®. "The fear of overextending themselves financially is one of the biggest concerns for today's home buyers. Our new cost calculators give buyers deep insights into what specific home prices mean for their bottomline, while our new monthly payment filter prevents them from seeing homes outside their monthly budget so they can stay on track financially."
The new features include:
"How Much Home Can I Afford?" Calculatorfor iOS, Android, and Web: Helps estimate your ideal home budget. Simply click "More" on the realtor.com® iOS app or "Mortgage" on the Android app. You can then enter your annual income, monthly debt, desired down payment, and location and realtor.com® will help you calculate a target home price and estimated monthly payment based on current interest rates. Results include the full range of homes you can afford and allow you to customize your budget to be more conservative or aggressive.
"Monthly Cost Calculator" for iOS and Android: Provides you with a detailed and transparent look at the estimated monthly payments on a new home. First select "More" on the realtor.com® iOS app or "Mortgage" on the Android app and tap "Monthly Cost Calculator." Then enter the anticipated home price, anticipated down payment, and any other parameters such as loan type, interest rates, etc. and realtor.com® will help calculate your total estimated monthly home cost and break it down by category. If you aren't sure about some of the information, the feature will use averages that you can update later. The calculator is also accessible from the Listing Details Page on the iOS and Android apps.
Monthly Payment Filter for iOS: After you determine how much home fits into your monthly expenses, the realtor.com® Monthly Payment Filter can help you stick to your budget by filtering out all the homes that are estimated to exceed your range. Simply enter a home search, tap "Filter" and select "Monthly Payment" to enter your expected down payment and target monthly mortgage budget. The app will then return all the homes currently on the market that meet your search and approximate budget parameters. This feature, a first among national real estate portals, is especially helpful for first time buyers who are used to paying monthly rent, but have trouble budgeting based on total home price. This feature will be coming soon to the realtor.com® Android app.
About realtor.com® Realtor.com®, The Home of Home Search?, offers the most MLS-listed for-sale listings among national real estate portals, and access to information, tools and professional expertise that help people move confidently through every step of their home journey. Through its Opcity platform, realtor.com® uses data science and machine learning to connect consumers with a real estate professional based on their specific buying and selling needs. Realtor.com® pioneered the world of digital real estate 20 years ago, and today is a trusted resource for home buyers, sellers and dreamers by making all things home simple, efficient and enjoyable. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc. under a perpetual license from the National Association of REALTORS®. For more information, visit realtor.com®.
Media contact: Lexie Puckett Holbert Communications Director 805.557.3151 [email protected]
Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New...
Rise48 Equity, a leading multifamily investment group, today announced the acquisition of Mosaic Apartments in the DFW area of Texas. This 288-unit complex marks a significant milestone as the company's 50th acquisition since 2019 and its 10th in the...
Note: All times local
Victoria, British Columbia
10:20 a.m.
The Prime Minister will greet the President of Poland, Andrzej Duda.
Note for media:
Pooled photo opportunity10:25 a.m.
The Prime Minister will meet with the President of Poland,...
Genifi Inc. (formerly Prodigy Ventures Inc.) ("genifi" or the "Company") today announced its financial results for the three months and year ended December 31, 2023. As previously reported, the Company sold TCB Corporation ("Prodigy Labs") on...
The family of illegally detained philanthropist, Ruben Vardanyan, announced today that he entered into a hunger strike to demand the immediate and unconditional release of himself, and the other Armenian prisoners illegally held in Baku.
The...
Nium, the global leader in real-time, cross-border payments, and Asia's leading payments, banking, and capital markets research firm, Kapronasia, today launched "Breaking Borders: The Revolution of Real-Time Cross-Border B2B Payments in Asia" - a new...