Buying Your First Home (Renting vs. Owning and 15 vs. 30 Year Mortgages)

Buying Your First Home (Renting vs. Owning and 15 vs. 30 Year Mortgages)
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866 KB|4 pages
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  1. Supplement your Personal Finance curriculum with these 7 engaging activities/projects! This bundle is perfect for your high school students and will encourage them to utilize research, presentation design, and critical thinking skill. These materials are designed to promote personalized learning, st
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Product Description
In this project students figure their purchasing power, select a house that they would like to buy, and investigate the total costs involved in purchasing that home. Students will also compare and contrast the advantages and disadvantages of a 15 vs. 30 year mortgage and renting vs. owning. This assignment is worth a total of 50 points and has points possible listed next to each question. An answer key is also provided with suggested answers. This project goes well with a Personal Finance, business math, or economics course.

Topics covered include:
Purchasing power
Reasons for choosing the house
Renting as an option
Expenses associated
Using a mortgage calculator to compare and contrast a 15 year vs. 30 year loan term
Analysis of 15 vs. 30 year mortgage
Analysis of renting vs. owning
Argument for or against "a mortgage is good debt"

Save $$$ by purchasing this product as part of the Personal Finance Project Bundle.

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Total Pages
4 pages
Answer Key
Teaching Duration
1 hour
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