The waterfall chart below shows all the elements that comprise the total monthly cost of a $500k home. In addition to the mortgage and regular taxes/fees, it is important for home owners to consider the impact of the down payment opportunity cost. Outside of the mortgage, it is the largest cost in this example.
We could have use a stacked bar chart to represent this data. However, the waterfall chart allows to walk the reader through all the elements and provides us with space to clearly state all the assumptions.
With Aploris’ native waterfall chart option, this charted was created in a few minutes. The data is from NY Times’ rent versus buy calculator.