Mortgage & Budget Calculator
I have created a mortgage and budget calculator in Tableau Public. Many people buy homes without considering the total cost of ownership. It is important for people to understand what they are signing up for financially when they make such a significant decision. This calculator does not consider every possible cost but does offer an option for “other” costs. Prospective home buyers can enter their data and do what-if analyses on different home prices, interest rates, net income, property tax levels, etc. as these can vary greatly depending on current market conditions.
The dashboard uses only a few cells of an Excel sheet and does the rest with parameters and calculated fields containing formulae. A good study in how it’s not always about how much or how detailed your data is but rather how you can use the tool to calculate values for you.