Google now has a built-in mortgage calculator


Google today launched a mortgage calculator so that anyone can quickly determine how much it will cost them to own a home. The feature is available directly in the company’s web search engine at google.com – it works on desktop and mobile browsers.

While the mortgage calculator was first tested late last year with a small number of users, it is now being deployed more widely. Moz marketing scientist Dr. Pete Meyers first remark the feature went live earlier today and Google confirmed the launch a few hours later.

The company says you can now ask Google questions like “How much can I borrow at $ 200 per month?” Or “At 5% APR how much can I borrow over 10 years?” and get answers without having to navigate to a separate website. You can then adjust the mortgage amount, interest rate, mortgage term, etc. to determine which options are best for you.

Here’s the feature in action on Android:

If you don’t want to ask a question, you can just type “mortgage calculator” or other similar financial verbiage (a combination of mortgage, loan, interest rate, and calculator should do the trick) into hope it appears above your search results. The default loan amount is $ 100,000, but you can adjust it easily:

google_mortgage_calculator

In addition to the loan amount, you can also change the interest rate and the term of the mortgage. The search widget shows you the total cost of the mortgage as well as the amount of the monthly payment.

Unfortunately, the feature doesn’t seem to show up if you’re using Google from areas outside of the US, although your mileage may vary. We have not been able to show it by testing it in Canada, for example. This is a gradual roll-out, so if it doesn’t show up to you today, it might show up very soon.

We have contacted Google for more information and will keep you posted if we have a response.

VentureBeat

VentureBeat’s mission is to be a digital public place for technical decision-makers to learn about transformative technology and conduct transactions. Our site provides essential information on data technologies and strategies to guide you in managing your organizations. We invite you to become a member of our community, to access:

  • up-to-date information on the topics that interest you
  • our newsletters
  • Closed thought leader content and discounted access to our popular events, such as Transform 2021: Learn more
  • networking features, and more

Become a member



Comments are closed.