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Home Loan Simulation

(*)(*)(*)(*)(*) ( 4.3, 74 students)
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  • Price per Classroom$3.00
  • Grade Levels 7, 8, 9, 10
  • Topics Budgeting, Home Loan
  • Duration 20 Minutes
  • Auto Scored? Yes
  • Teacher Evaluation Needed? No

Activity Description

In this interactive activity, the student will be given a profile with the following details -

They have to pick a home loan plan to purchase a house with a purchase price of $300,000. The APR is 3%. Students will use interactive controls such as sliders to find the down payment to make, the points to purchase, and the loan duration. The sum of the down payment and the points purchase cost should be less than the total savings money and the duration should be adjusted such that the monthly payment is less than the money available per month from the salary.

They will adjust the controls until they can find a plan in which the total interest to be paid is less than $75,000.

The students will answer some review questions where they have to answer the relationship between different loan parameters.


This worksheet is a classroom-ready interactive and dynamic worksheet that just needs a few clicks to assign to your classroom. The worksheet is auto-scored, teachers just need to open the real-time console and monitor the student progress.

Learning Objective

The primary objectives are to teach students how to use an interactive simulation to determine factors like the down payment, points, and loan duration required to buy a house while ensuring that the total interest paid remains within a specified limit.

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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  • Price$3.00
  • Grade Levels 7, 8, 9, 10
  • Topics Budgeting, Home Loan
  • Duration 20 Minutes
  • Auto Scored? Yes
  • Teacher Evaluation Needed? No