I Gave ChatGPT a Real Mortgage Calculator
Ask an AI assistant to compare two mortgage offers and you'll get a fast, confident answer. The catch is that a chatbot predicts words. It can sound sure and still get the arithmetic wrong, and with a mortgage a small slip is thousands of dollars. So I did something about it. I'm Jenny Tate, a Burlington mortgage agent , and I've published Mortgage Tools by Jenny: six Canadian mortgage…
Jenny Tate, a mortgage agent based in Burlington, has developed a set of six mortgage calculators that can be integrated into AI assistants like ChatGPT. These tools enable users to compare mortgage offers by simply inputting the relevant figures into a conversation. The AI assistant then utilizes these tools to calculate and present the results directly within the chat, ensuring accurate computations rather than relying on guesses.
For instance, if a user is considering two mortgage offers with slightly differing rates, fees, and terms, they can input the figures into the AI assistant and receive a comparison of the total borrowing costs and remaining balances over time. The tool calculates the differences between the two options, highlighting potential savings or additional costs.
Users can also explore various scenarios, such as the impact of appraisal values or early mortgage breakage, by modifying the input data. Jenny stresses that these tools are educational resources, not financial advice or lender recommendations. They are designed to work across Canada, with a focus on Ontario services. To use the tools, users must integrate them into their AI assistant by pasting a specific URL.
The process is straightforward and does not require any personal information beyond the mortgage figures themselves.
Written by urgent.news from Dev.to's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
