We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. Learn more.

House with American flag and 'for sale' sign, low angle view
Georgia, USA
Phillip Spears, Getty Images

Zillow has launched a new website to help millennials buy their first homes.

On RealEstate.com, users can now search for homes by their monthly payment — a new feature that more easily compares budgeting for a new home to a monthly rent.

In fact, budgeting to buy a house is the top concern for home buyers, according to Zillow Group's 2016 Consumer Housing Trends Report. Using the new tool, prospective home buyers can calculate their "All-In Monthly Price" for homes, which includes property taxes, homeowner's insurance, principal and interest as well as other related costs.

"We know from our research that affordability is a huge driver for home buyers, and that first-time buyers are more likely to go over budget," Jeremy Wacksman, chief marketing officer at Zillow Group, said in a statement. "By tailoring the home search experience on RealEstate.com around a home's monthly cost, we hope to make the home buying experience less daunting and even more transparent for first-time buyers."

The new website, which is also available in Mandarin and Spanish, is catered toward millennials, who make up 56% of first-time home buyers, according to Zillow. It also includes detailed answers to questions like "Are you ready to take the plunge?" and "Your debt-to-income ratio: What it is and why it matters."

In addition to the features catered to young, first-time home buyers, RealEstate.com also has typical details, including filters by square footage and bedroom count, as well as photos and locations for each potential home.