This consumer math resource is great for a loans unit. Students will learn about mortgage loans, mortgage amortization, and have a project based on the two lessons. Students are provided scaffolded notes. In the lessons students will learn about refinancing, principal, interest, reading an amortization schedule, loan term, and interest rates. In the project students will use an online mortgage amortization calculator to determine the total interest paid, the monthly payment, and a breakdown of the principal and interest.

What's Included:

1) Mortgage Loans Lesson

• 5-page Lesson
• Math Problems
• Google Slides
• Answer Key

2) Mortgage Amortization Lesson

• 2-page Lesson
• Amortization Schedule
• Google Slides
• Answer Key

3) Mortgage Amortization Project

• 4-page Project
• Model Response Set
• Grading Rubric

Suggestions:

I would suggest using this resource for a business, personal finance, or consumer math class. I made this resource for my consumer math class which consists of 11th and 12th grades but this resource can be used for high schoolers or middle schoolers.

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Other Lessons You May Also Like:

• Mortgage Loans Lesson
• Car Loans LessonLeasing vs Buying a Car Lesson
• Introduction to Loans Lesson
• Mortgage Amortization Lesson

Math Worksheets and Activities on Loans:

• Leasing vs Buying a Car
• Calculating Monthly Car Payments
• Mortgage Amortization Project