{"id":20772,"date":"2018-04-19T05:23:03","date_gmt":"2018-04-19T09:23:03","guid":{"rendered":"https:\/\/outgrow.co\/blog\/?p=20772"},"modified":"2023-09-03T14:08:37","modified_gmt":"2023-09-03T18:08:37","slug":"how-to-add-a-mortgage-chart","status":"publish","type":"post","link":"https:\/\/outgrow.co\/blog\/mortgage-chart","title":{"rendered":"How to Create a Mortgage Chart?"},"content":{"rendered":"<h1><span class=\"ez-toc-section\" id=\"How_to_Create_a_Mortgage_Chart\"><\/span><strong>How to Create a Mortgage Chart?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h1><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_62 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69de935ed14d6\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69de935ed14d6\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/outgrow.co\/blog\/mortgage-chart\/#How_to_Create_a_Mortgage_Chart\" title=\"How to Create a Mortgage Chart?\">How to Create a Mortgage Chart?<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/outgrow.co\/blog\/mortgage-chart\/#Why_Add_Charts\" title=\"Why Add Charts?\">Why Add Charts?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/outgrow.co\/blog\/mortgage-chart\/#Steps_to_Include_a_Chart_in_Your_Mortgage_Calculator\" title=\"Steps to Include a Chart in Your Mortgage Calculator\">Steps to Include a Chart in Your Mortgage Calculator<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/outgrow.co\/blog\/mortgage-chart\/#Finally\" title=\"Finally!\">Finally!<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n\n<p><span style=\"font-weight: 400; font-size: 14pt;\">We\u2019ve shown you how to figure out your monthly mortgage payments, <a href=\"https:\/\/outgrow.co\/blog\/credit-card-calculator\"><span style=\"font-weight: 400;\">credit card payments<\/span><\/a><span style=\"font-weight: 400;\">, and <\/span><a href=\"https:\/\/outgrow.co\/blog\/life-insurance-calculator\"><span style=\"font-weight: 400;\">life insurance<\/span><\/a>,<span style=\"font-weight: 400;\"> and guess what, we are not done yet! Now we are going to show you how to use charts to show data breakup in your results section to make it easily readable. You might say, hold your horses, a chart?<\/span><\/span><\/p>\n<p><span style=\"font-weight: 400; font-size: 14pt;\">Allow us to elaborate. Picture this &#8211; \u00a0your user, who is understandably concerned about his\/her mortgaged house hurries to complete your calculator. Once done, you hit the person with a dense result page enumerating the components of repayment. Why a dense paragraph? Because you want to provide a thorough answer. Is there a better way to make the data less overwhelming and easily readable? Of course! Use a chart.<\/span><\/p>\n<p><a href=\"https:\/\/app.outgrow.co\/signup\"><img decoding=\"async\" class=\"aligncenter wp-image-46895\" src=\"https:\/\/outgrow.co\/blog\/wp-content\/uploads\/2023\/04\/general-cta-6-300x62.png\" alt=\"General CTA\" width=\"813\" height=\"168\" srcset=\"https:\/\/outgrow.co\/blog\/wp-content\/uploads\/2023\/04\/general-cta-6-300x62.png 300w, https:\/\/outgrow.co\/blog\/wp-content\/uploads\/2023\/04\/general-cta-6-1024x210.png 1024w, https:\/\/outgrow.co\/blog\/wp-content\/uploads\/2023\/04\/general-cta-6-768x158.png 768w, https:\/\/outgrow.co\/blog\/wp-content\/uploads\/2023\/04\/general-cta-6.png 1198w\" sizes=\"(max-width: 813px) 100vw, 813px\" \/><\/a><\/p>\n<p><span style=\"font-weight: 400; font-size: 14pt;\">Since our last blog was about a <span style=\"font-weight: 400;\">mortgage calculator<\/span><span style=\"font-weight: 400;\"> we are<\/span> <span style=\"font-weight: 400;\">sticking to the theme of mortgage here as well. We are going to show how to attach charts and graphs to your mortgage calculator.<\/span><\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-21655\" src=\"https:\/\/outgrow.co\/blog\/wp-content\/uploads\/2018\/04\/mj.jpg\" alt=\"mortgage chart\" width=\"414\" height=\"401\" srcset=\"https:\/\/outgrow.co\/blog\/wp-content\/uploads\/2018\/04\/mj.jpg 414w, https:\/\/outgrow.co\/blog\/wp-content\/uploads\/2018\/04\/mj-300x291.jpg 300w\" sizes=\"(max-width: 414px) 100vw, 414px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Add_Charts\"><\/span><strong>Why Add Charts?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400; font-size: 14pt;\">The results page of any quiz or calculator is where the user decides whether a quiz or calculator was worth his\/her time or not. Remember &#8211; it is a value delivery game and the greater you give, the greater you gain. Going the extra mile to provide data that can be interpreted at a glance will prove to customers that you are worth their time. Finally, it might sound small and insignificant but it is the cumulative effect of such small actions that snowball into a sale. <\/span><\/p>\n<p><span style=\"font-weight: 400; font-size: 14pt;\">In our previous blog, we showed how a mortgage calculator is created on Outgrow. You can check it <a href=\"https:\/\/outgrow.co\/blog\/mortgage-calculator\">here<\/a>.\u00a0<\/span><\/p>\n<p><img decoding=\"async\" class=\"alignnone  wp-image-52212 aligncenter\" src=\"https:\/\/outgrow.co\/blog\/wp-content\/uploads\/2018\/04\/ADD-CHART-NEW-300x160.png\" alt=\"ADD-CHART\" width=\"722\" height=\"385\" srcset=\"https:\/\/outgrow.co\/blog\/wp-content\/uploads\/2018\/04\/ADD-CHART-NEW-300x160.png 300w, https:\/\/outgrow.co\/blog\/wp-content\/uploads\/2018\/04\/ADD-CHART-NEW-768x410.png 768w, https:\/\/outgrow.co\/blog\/wp-content\/uploads\/2018\/04\/ADD-CHART-NEW.png 1024w\" sizes=\"(max-width: 722px) 100vw, 722px\" \/><\/p>\n<p><span style=\"font-weight: 400; font-size: 14pt;\"><span style=\"font-weight: 400;\">\u00a0Let us dive right in and show you how to add charts to your mortgage calculator.<\/span><\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Steps_to_Include_a_Chart_in_Your_Mortgage_Calculator\"><\/span><strong>Steps to Include a Chart in Your Mortgage Calculator<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400; font-size: 14pt;\"><b>1. <\/b><\/span><span style=\"font-weight: 400; font-size: 14pt;\">After you have added all the results, go to the second subtab on result settings to go to the chart builder <\/span><\/p>\n<p><img decoding=\"async\" class=\"alignnone  wp-image-52214 aligncenter\" src=\"https:\/\/outgrow.co\/blog\/wp-content\/uploads\/2018\/04\/MORTAGAGE-CAL-NEW-300x146.png\" alt=\"mortgage-cal\" width=\"682\" height=\"332\" srcset=\"https:\/\/outgrow.co\/blog\/wp-content\/uploads\/2018\/04\/MORTAGAGE-CAL-NEW-300x146.png 300w, https:\/\/outgrow.co\/blog\/wp-content\/uploads\/2018\/04\/MORTAGAGE-CAL-NEW-768x374.png 768w, https:\/\/outgrow.co\/blog\/wp-content\/uploads\/2018\/04\/MORTAGAGE-CAL-NEW.png 1024w\" sizes=\"(max-width: 682px) 100vw, 682px\" \/><\/p>\n<p><span style=\"font-weight: 400; font-size: 14pt;\"><strong>2.<\/strong> Select the type of chart most relevant to you from the left panel from the horizontal bar chart, vertical bar chart, pie chart, and line chart. In this example, we chose the line chart.<\/span><\/p>\n<p><img decoding=\"async\" class=\"alignnone  wp-image-52215 aligncenter\" src=\"https:\/\/outgrow.co\/blog\/wp-content\/uploads\/2018\/04\/bmcc2-NEW-300x154.png\" alt=\"bmcc\" width=\"701\" height=\"360\" srcset=\"https:\/\/outgrow.co\/blog\/wp-content\/uploads\/2018\/04\/bmcc2-NEW-300x154.png 300w, https:\/\/outgrow.co\/blog\/wp-content\/uploads\/2018\/04\/bmcc2-NEW-768x394.png 768w, https:\/\/outgrow.co\/blog\/wp-content\/uploads\/2018\/04\/bmcc2-NEW.png 1024w\" sizes=\"(max-width: 701px) 100vw, 701px\" \/><\/p>\n<p><span style=\"font-weight: 400; font-size: 14pt;\"><span style=\"font-weight: 400; font-size: 14pt;\"><strong>3. <\/strong>Now edit the names of the title, x-axis, y-axis, and chart line details on the left side. <\/span><\/span><span style=\"font-weight: 400; font-size: 14pt;\">On the right side is where you can write down the chart formula. <\/span><\/p>\n<p><span style=\"font-weight: 400; font-size: 14pt;\">Here for the mortgage chart, we need the beginning balance,\u00a0 total interest paid, and total mortgage payment.<\/span><\/p>\n<p><span style=\"font-weight: 400; font-size: 14pt;\">The formulae used are:-<\/span><\/p>\n<p><strong style=\"font-size: 14pt;\">Monthly Payment:<\/strong><\/p>\n<p><span style=\"font-weight: 400; font-size: 14pt;\">Q1x(Q2\/1200x(1+Q2\/1200)^(Q3x12))\/((1+Q2\/1200)^(Q3x12)-1)<\/span><\/p>\n<p><span style=\"font-weight: 400; font-size: 14pt;\"><strong>Total Interest Paid:<\/strong><\/span><\/p>\n<p><span style=\"font-size: 14pt;\">Q1x(Q2\/1200x(1+Q2\/1200)^(12xQ3))\/((1+Q2\/1200)^(12xQ3)-1)xQ3x12-Q1<\/span><\/p>\n<p><span style=\"font-weight: 400; font-size: 14pt;\"><strong>Total Mortgage Payments:<\/strong><\/span><\/p>\n<p><span style=\"font-weight: 400; font-size: 14pt;\">Q1x(Q2\/1200x(1+Q2\/1200)^(12xQ3))\/((1+Q2\/1200)^(Q3x12)-1)xQ3x12<\/span><\/p>\n<blockquote><p><em><span style=\"font-weight: 400; font-size: 14pt;\"><strong>Note<\/strong> &#8211; Remember while using the variable in the cells, you need to use it as\u00a0Q_1, R_1 if you are referring the variables and A1, B3 if you are referring the cell number itself<\/span><\/em><\/p><\/blockquote>\n<p><span style=\"font-weight: 400; font-size: 14pt;\"><br \/>\nWhere:-<\/span><\/p>\n<p><span style=\"font-weight: 400; font-size: 14pt;\">Q1. Loan Amount<br \/>\n<\/span><span style=\"font-weight: 400; font-size: 14pt;\">Q2. Annual Interest Rate<br \/>\n<\/span><span style=\"font-weight: 400; font-size: 14pt;\">Q3. Loan Duration in years<\/span><\/p>\n<p><strong><span style=\"font-size: 14pt;\">So, the formula for beginning balance used in the chart builder will be:-<\/span><\/strong><\/p>\n<p><span style=\"font-weight: 400; font-size: 14pt;\">=INT(Q_1*(1+Q_2\/1200)^(12*(2-1))-R_1*1200\/Q_2*((1+Q_2\/1200)^(12*(2-1))-1))<\/span><\/p>\n<p><strong><span style=\"font-size: 14pt;\">The formula for Interest paid will be:-<\/span><\/strong><\/p>\n<p><span style=\"font-weight: 400; font-size: 14pt;\">=INT(12*R_1-(Q_1-Q_1*(1+Q_2\/1200)^(12*(2-1))+R_1*1200\/Q_2*((1+Q_2\/1200)^(12*(2-1))-1)))<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-21667 size-full\" src=\"https:\/\/outgrow.co\/blog\/wp-content\/uploads\/2018\/04\/bmcc5.png\" alt=\"mortgage chart\" width=\"633\" height=\"524\" srcset=\"https:\/\/outgrow.co\/blog\/wp-content\/uploads\/2018\/04\/bmcc5.png 633w, https:\/\/outgrow.co\/blog\/wp-content\/uploads\/2018\/04\/bmcc5-300x248.png 300w\" sizes=\"(max-width: 633px) 100vw, 633px\" \/><\/p>\n<p><strong><span style=\"font-size: 14pt;\">The formula for Interest paid will be:-<\/span><\/strong><\/p>\n<p><span style=\"font-weight: 400; font-size: 14pt;\">=INT(12*R_1-(Q_1-Q_1*(1+Q_2\/1200)^(12*(2-1))+R_1*1200\/Q_2*((1+Q_2\/1200)^(12*(2-1))-1)))<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-21669 size-full\" src=\"https:\/\/outgrow.co\/blog\/wp-content\/uploads\/2018\/04\/bmcc6.png\" alt=\"mortgage chart\" width=\"633\" height=\"529\" srcset=\"https:\/\/outgrow.co\/blog\/wp-content\/uploads\/2018\/04\/bmcc6.png 633w, https:\/\/outgrow.co\/blog\/wp-content\/uploads\/2018\/04\/bmcc6-300x251.png 300w\" sizes=\"(max-width: 633px) 100vw, 633px\" \/><\/p>\n<p><strong><span style=\"font-size: 14pt;\">The formula for mortgage payments will be:-<\/span><\/strong><\/p>\n<p><span style=\"font-weight: 400; font-size: 14pt;\">=INT(R_1*12*B1)<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-21670 size-full\" src=\"https:\/\/outgrow.co\/blog\/wp-content\/uploads\/2018\/04\/bmcc7.png\" alt=\"mortgage chart\" width=\"631\" height=\"528\" srcset=\"https:\/\/outgrow.co\/blog\/wp-content\/uploads\/2018\/04\/bmcc7.png 631w, https:\/\/outgrow.co\/blog\/wp-content\/uploads\/2018\/04\/bmcc7-300x251.png 300w\" sizes=\"(max-width: 631px) 100vw, 631px\" \/><\/p>\n<p><span style=\"font-weight: 400; font-size: 14pt;\">*So for every cell in rows for beginning balance and interest paid, you just need to change the year duration till 30 years so instead of 2-1, it will be 3-1, 4-1&#8230;..29-1, and so on.<\/span><\/p>\n<p><span style=\"font-weight: 400; font-size: 14pt;\">For Mortgage payment, simply replace B1 with the corresponding cells of the beginning balance.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Finally\"><\/span><strong>Finally!<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400; font-size: 14pt;\">Whew! That\u2019s quite some math right there, If you are feeling overwhelmed or don\u2019t have the time to create one, hit the red button on the bottom right of the builder. Help is just a few keystrokes away. We hope you are with us in agreeing that charts are a valuable addition to a calculator.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400; font-size: 14pt;\">We hope now you are sold on the idea of charts.\u00a0<a href=\"http:\/\/www.accaglobal.com\/in\/en\/student\/exam-support-resources\/foundation-level-study-resources\/ma1\/technical-articles1\/effective-presentation.html\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Here<\/span><\/a><span style=\"font-weight: 400;\"> are some pointers to bear in mind while creating your next chart.<\/span><\/span><\/p>\n<blockquote><p><em><span style=\"font-size: 14pt;\"><strong>Check Out:<\/strong> <a href=\"https:\/\/democo.outgrow.us\/my-mortgage-calc\">Chart attached mortgage calculator<\/a><\/span><\/em><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>How to Create a Mortgage Chart? We\u2019ve shown you how to figure out your monthly mortgage payments, credit card payments, and life insurance, and guess what, we are not done yet! Now we are going to show you how to use charts to show data breakup in your results section to make it easily readable&#8230;.<\/p>\n","protected":false},"author":20,"featured_media":49018,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[269],"tags":[107,207,206],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to Build a Mortgage Chart | Interactive Calculator | Outgrow<\/title>\n<meta name=\"description\" content=\"Take your quiz and calculator results page to the next level by adding a chart. 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