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
Learners participate in a conversation about money. In 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
Students 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 data.
Curated OER
Using an Amortization Table
Young scholars 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...
The Federal Reserve System
Federal Reserve Board: A Consumer's Guide to Mortgage Refinancings
A comprehensive go-to guide for understanding refinancing and shopping for a new mortgage or loan. Poses guestions that will help the consumer decide if refinancing a mortgage is the way to go.
The Federal Reserve System
Federal Reserve Board: Regulations
This page provides access to a detailed summary of regulations issued by the Federal Reserve Board.
Other
Zona Hogar / Home Zone by Ginnie Mae
Mortgages made easy! Ginnie Mae and friends teach the basics of home ownership, mortgages, savings and investments, and interest ? all in Spanish! Excellent reading practice for intermediate Spanish learners and older ESL students ? and...
Education Development Center
Tune in to Learning: Understanding Interest
Using this interactive lesson, you'll calculate compound interest and compare interest rates. In addition to learning about interest, you will also be learning about taking out a mortgage on a home. Three activities with questions...
Goodwill
Gcf Global: Buying a House
Learn all about the home-buying process, including where to look when searching for a home.
Other
How to Avoid Foreclosure
Advice from the U.S. Department of Housing and Urban Development on avoiding foreclosure.
Bankrate
Bankrate: Mortgage Calculator
Calculate your monthly mortgage payment using the free calculator below. A house is the largest purchase most people will ever make so it's important to calculate what your mortgage payment will be and how much you can afford. Estimate...
Other
Pine Tree Legal: Legal Guide for Immigrants: Housing
Comprehensive, easy-to-understand explanation in English and Spanish of how to acquire housing in the United States. Legal issues associated with buying or renting a residence are also presented. Though the site caters to immigrants to...
Council for Economic Education
Econ Ed Link: Buying vs. Renting
Have you given any thought to where you will live when you are "on your own" - out in the world earning a living? You will have many decisions to make as you look for a place to call home. In this lesson plan, your basic economic...
Council for Economic Education
Econ Ed Link: Buying vs. Renting
This site has an introduction to the factors involved in the decision to rent or purchase housing. The site discusses space needs, lifestyle, financing options, tax benefits, and more.
Council for Economic Education
Econ Ed Link: Loan Amortization Mortgage
How to amortize a loan using an Excel spreadsheet.
Council for Economic Education
Econ Ed Link: An Investigation of Regional Housing Costs
This lesson plan has young scholars explore differences in regional housing costs, determine the percentage of gross income spent on housing, assess the impact of housing costs on a relocation decision and recognize wages and housing...
Other
Mortgage 101: Graduated Payment Mortgage
This page gives a brief description of gradutated payment mortgages.
Council for Economic Education
Econ Ed Link: The Economics of Homebuying
This lesson plan analyzes the costs and benefits of homeownership and asks the student to describe the factors that affect affordability, use cost-benefit analysis and knowledge of home-buying procedures to reduce the costs, analyze the...
Cornell University
Cornell University: Law School: Consumer Credit Overview
Resource provides an overview of what consumer credit is. It gives several examples of consumer credit such as credit cards, loans, and mortgages.
Calculator Soup
Calculator Soup: Annuity on $1 Loan Table Creator
Create a printable table for the annuity (mortgage) payment (PMT) of a borrowed amount of $1.
Mocomi & Anibrain Digital Technologies
Mocomi: What Is Economy?
Overview of economics with an emphasis on basic economic terms and concepts.