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Want to know what your home’s worth? Realtor.com introduces new valuation tool.

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Despite the backlash of complaints about the inaccuracies found in Zillow’s Zestimate home valuation tool, Realtor.com recently introduced My Home, a new dashboard on the site that includes a home valuation tool, among other features.

Available on Realtor.com’s desktop and mobile site, My Home is meant to support homeowners even if they don’t plan to move.

Homeowners can use the dashboard to increase their understanding of their home as an investment that they can track like their stock portfolio. One element of the dashboard, the home valuation model, is enhanced with new technology.

In addition, My Home provides an estimate of their mortgage payments and equity, using the assumption of a 20 percent down payment.

The site can be updated with current mortgage information to track payments and principal and to track estimated home equity.

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Homeowners can use the site to evaluate potential savings options by refinancing based on the home equity, such as showing how much the homeowner could save on interest by switching to a 15-year loan.

The dashboard was created in recognition of the fact that homeowners stay longer in their residences than in the past, which means their equity grows larger over the long term. According to Realtor.com, in 1985 about 10 percent of all homeowners had recently moved. In 2015, that number dropped to 5 percent.

The dashboard will be linked to Remodelista, a Move Inc. (owners of Realtor.com) website with remodeling guides and design ideas for homeowners who want to increase their home value with a renovation project.

For more information, visit realtor.com.

To pass on a tip or item, contact us at realestate@washpost.com and put “Town Square” in the subject line.

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