by Leighton Dees

Home search by monthly budget

How often do buyers say they're looking for a home in the $600,000 range, then discover after searching and making an offer that, based on their down payment and estimated tax and insurance, the monthly payment is outside their budget?

Give people a way to search for homes based on the factors that really matter – the down payment and monthly payment.

A new type of search for broker websites that mashes up mortgage rates, insurance rates, taxes and listing feeds that enables users to enter what they can afford per month. Basically, this search involves two fields: down payment amount and monthly payment.

Search results are then based on those numbers. Users can then filter by neighborhoods, beds, baths, etc. Buyers no longer will have to guess about what they can actually afford.

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