# Understanding Mortgage Loan Parameters

New Activity (No Ratings Yet)
• Price per Classroom\$3.00
• Grade Levels 7, 8, 9, 10
• Topics Home Loan
• Duration 20 Minutes
• Auto Scored? Yes
• Teacher Evaluation Needed? No

### Activity Description

This activity is designed to provide students with hands-on experience in adjusting and analyzing critical variables related to home loans. During this exercise, students will use sliders to manipulate key parameters such as loan duration, principal amount, and more. Their task will be to record essential information, including monthly payments, total interest to be paid, and other relevant figures for each set of loan parameters they experiment with.

### Teacher Tips

Included with the activity, you can view the tips to clarify student's doubts or to evaluate answers (for a teacher scored worksheet).

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