Council for Economic Education
Loan Amortization - Mortgage
When you buy a home for $100,000, you pay $100,000—right? On the list of important things for individuals to understand, the lesson presents the concept of interest rates and loan amortization using spreadsheets and online sources....
PricewaterhouseCoopers
Buying a Home: Mortgage Decisions
High schoolers don't think they need to know about mortgages, but with college and renting soon approaching, fiscal responsibility is necessary. Pupils learn the vocabulary of a mortgage and calculate different home values to determine...
PwC Financial Literacy
Buying a Home: Terms of a Mortgage
Buying a home, dealing with a lender, securing a mortgage; these are daunting tasks for many adults. Why not teach middle schoolers about this area of adulthood so they are better-prepared to make the leap into home ownership when they...
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
Home sales records
Practice consumer mathematics through by investigating home mortgages. Budding economists find the interest rates for 30-year and 15-year loans and calculate the estimated monthly payments. They use their data to compare periods of time...
Curated OER
Interest Rates
Use a KWL chart and discussion to explore the concept behind loans with interest based on percentage rates. Learners examine different types of interest, the history of interest loans and calculate the costs of a loan over a ten-year...
Carolina K-12
Personal Financial Literacy: Using Credit Wisely
What is credit, and what are its advantages and disadvantages for purchases? Your class members will learn about different types of loans, such as student and mortgage, how interest factors into credit use, credit reports, and ultimately...
Curated OER
Don't Bet The House On It!
Great real-world math application! Have the class compare and contrast their estimated home price and income data with actual data. In groups, they participate in simulations to discover how the housing market and mortgages operate....
Visa
Home Sweet Home: Purchasing a Place
While the process of buying a home can certainly be overwhelming, give your young adults a leg up for their future by introducing them to the components of a mortgage, as well as exploring the basic concept of credit and how to become...
Inside Mathematics
House Prices
Mortgages, payments, and wages correlate with each other. The short assessment presents scatter plots for young mathematicians to interpret. Class members interpret the scatter plots of price versus payment and wage versus payment for...
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
It's Your Future
Students learn about productive resources along with their requirements, supply and demand, savings, investments and interest rates. In this supply and demand lesson plan, students create a career plan and personal budget of their own...
Curated OER
Money
Work on money-related vocabulary with this practice worksheet. With words such as "auditors," "mortgage," and "bankrupt," the activity prompts ESL students to choose the correct term based on the context clues of the sentence. These ten...
Curated OER
Math Applications 12
In this mortgages worksheet, students solve 2 different problems that include 2 or more parts to each one. First, they determine the total amount a couple will pay for their house, how much the cost is interest, and what portion of 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...
Curated OER
Neighter a Borrower nor a Lender Be
In this economic information worksheet, students read the text about borrowing, lending, credit ratings, and mortgages. Students answer the 6 online quiz questions for the topic.
Curated OER
Home Sales Records
Teach your class how to calculate monthly payments on a home mortgage. In this percent instructional activity, students calculate the monthly payment on a home mortgage, and compare different lengths of time and the interest rates for...
Beyond Benign
All A Loan
When designing a house, it's important to know about percents. Through a series of three lessons, scholars first review percentages through an activity involving M&Ms and then apply that knowledge to calculate compound interest and...
Radford University
Surviving the Month
Pupils create budgets based upon family expenditures. They determine what the monthly payments will be for buying a car and a house based on compound interest for the total amount.
Curated OER
ADULT ESOL LESSON PLAN--Level 5--Time and Money
Students, after defining and reviewing the extensive list of vocabulary words on the board, examine various banking systems and terms (loans, interest rates, investments, mortgages, etc.). They also show mastery of this task by...
Curated OER
Reforming Wall Street & its Booms, Bubbles & Busts
Students examine Wall Street Reform. In this current events lesson, students read the provided articles "Why a Financial Crisis?," "Deception and Leadership Failure=Boom, Bubble, Burst," and "How Can a Future Financial Crisis be...
Curated OER
Topics in Math
In this consumer mathematics worksheet, students explore a variety of topics in mathematics including simple interest, perimeter, area, volume, translating words into symbols, percentage problems and mortgage calculations. The fourteen...