Integrated Mortgage Calculators: A Closer Look at Our Latest Release
We recently launched three powerful calculators built directly into Lumae.ai’s chat interface. Instead of switching tabs or juggling spreadsheets mid-conversation, mortgage professionals can now access instant calculations within the ongoing dialogue. Open them quickly by tapping the (+) button in the chatbar, pick your calculator, and get straight to the numbers.
Here's a straightforward rundown of what's now live and what's coming next.
Loan Calculator
The Loan Calculator tackles the fundamentals: monthly payments, interest breakdowns, and payoff timelines. We've divided it into clear, logical tabs to streamline workflows. The Basic tab captures your foundational numbers—home price, down payment, loan term, and interest rate. Move over to Additional to input recurring expenses such as taxes, insurance, HOA fees, or PMI, as well as extra payments for accelerated payoff scenarios.
Results appear clearly organized under Results, offering monthly payment details along with lifetime interest totals and payoff dates. Interactive charts visualize principal and interest progression, giving clients a clear, intuitive grasp of their loan's trajectory. Finally, a detailed amortization schedule can be reviewed or exported instantly.
No extraneous steps, just precision math ready exactly when you need it.
Debt-to-Income (DTI) Calculator
Assessing borrower eligibility often comes down to the DTI ratio, and our new calculator distills this complexity into a smooth four-step interface. You’ll input income streams first: salary, bonuses, rental income, or other regular inflows. Next, current housing expenses are captured, followed by detailed liability entries—credit cards, auto loans, student debt, or alimony obligations.
The final results summarize both front-end and back-end DTI ratios, with the additional clarity of residual monthly income. You can seamlessly integrate a proposed mortgage scenario, previously calculated by our Loan Calculator, directly into the DTI calculation. The tool provides immediate visual feedback using color-coded indicators to make qualification straightforward, eliminating guesswork from the process.
Cost of Waiting Calculator
For hesitant borrowers who consider postponing a home purchase, we've developed the Cost of Waiting Calculator. This tool objectively quantifies the financial impacts of delaying a transaction. It compares current market conditions to future projected scenarios—factoring in appreciation rates, rising rates, and increasing down payments.
The calculator produces tangible metrics: lost equity growth, additional upfront costs required later, total accumulated expenses due to delay, and the precise timeline for recouping any potential savings from waiting. Rather than vague reassurances or speculative guesses, you provide clients with concrete financial outcomes, strengthening your recommendations with empirical clarity.
Workflow: Seamless Integration into Conversations
To further reduce friction, these calculators interact directly with your conversations. The “Populate from Chat” feature automatically pulls numerical details previously mentioned, eliminating redundant manual input. Conversely, “Add to Chat” lets you seamlessly embed calculated results into your ongoing discussion. This preserves a coherent audit trail and fosters transparent client interactions.
Upcoming Features: Income and Beyond
Looking ahead, we're actively working to add new capabilities. Next up, an Income Calculator designed specifically for scenarios involving variable incomes, such as freelance or self-employed borrowers. This tool will streamline multi-year income averaging required for underwriting, replacing tedious spreadsheet processes.
Beyond income averaging, we're exploring calculators that analyze rental income, simulate mortgage recasts, and clearly contrast adjustable-rate mortgages with fixed-rate options. Each new tool will follow the same principles of simplicity, accuracy, and seamless integration into your chat workflows.
We’ll continue refining these tools to align precisely with the real-world workflows of mortgage professionals. The goal remains straightforward: save you clicks, reduce manual re-entry, and elevate the clarity of every client conversation.
Tap (+) in your chatbar today to start exploring.