Curated OER
Loan Amortization - Mortgage
Upper graders explore the connection between interest and principal. They use an amortization schedule to determine the amount of principal paid vs interest on a $100,000 home loan. Fourteen discussion questions and a research-based...
Curated OER
Housing Project
Find everything you need for a two-week home construction simulation project for your high school economics class. They come up with the plans for a custom home including the cost per square foot, interest rate, mortgage term, down...
Curated OER
How Much Will That House Cost?
What is a mortgage and how do you use it to pay for a house? Young financiers determine how much money is actually spent paying a mortgage payment on a home. They use their math skills to calculate monthly payments on a home given a 30...
Curated OER
Money Conversations
Students participate in a conversation about money. For this money conversion lesson students discuss money in a variety of related topics. They respond to a conversation between a bank manager and a poor parent as well as decide what...
Curated OER
It's Your Future!
Students explore the concept of getting a job and buying a home. In this getting a job and buying a home lesson, students research job qualifications and salaries for various jobs. Students discuss what is a mortgage and how one works.
Curated OER
Real Estate Lesson: Monthly Payments
Young scholars examine real-world data relating to real estate. They conduct Internet research, record data regarding real estate in major cities, graph the data, calculate mortgage payments using a mortgage calculator, and analyze the...
Curated OER
Using an Amortization Table
Students search the Internet to find a site that contains an amortization table and make a hypothesis about the results of changing time and rate. They examine the affects of time and rate on a mortgage and discuss the difference in the...