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Buying A House: Mortgage and Interest Rates Assignment

Rated 4.84 out of 5, based on 19 reviews
4.8 (19 ratings)
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Grade Levels
9th - 12th
Resource Type
Formats Included
  • Word Document File
Pages
6 pages
$2.50
$2.50
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What educators are saying

This was a perfect wrap up to our personal finance lesson about buying a home! Students were engaged and it was beneficial for them to do the math about how much a home would actually cost them in the future!
My students really enjoyed the activity. I used it with seniors during the final 4 weeks of school, so it was hard keeping them engaged but it really help with their final questions before they head off to the real world. I will use it again.

Description

Engage students in understanding home mortgages, interest rates and more by having the students research and select a future home. Students really enjoy searching the housing market and finding out the costs of houses. This project helps students understand the reality buying a house, the effects of length of borrowing, interest rates, down payments and credit scores.

Links are provided to help students find homes. The worksheet and summary questions are easy to follow. Take advantage of this quick easy and fun lesson for students. Consider purchasing Buy A House Bundled Unit for small unit on houses.

Topics Include:
Interest Rates
Mortgages
Length of Loans
Taxes
Insurance
Down Payments
and more
Total Pages
6 pages
Answer Key
N/A
Teaching Duration
1 hour
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