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Amortization Schedule-Mortgage

(*)(*)(*)(*)(*) ( 4.2, 85 students)
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  • Price per Classroom$2.00
  • Grade Levels 7, 8, 9, 10
  • Topics Home Loan
  • Duration 15 Minutes
  • Auto Scored? Yes
  • Teacher Evaluation Needed? No

Activity Description

In this worksheet, students will analyze a sample amortization schedule for a mortgage loan presented in both tabular and graphical formats. They will examine the data to understand how mortgage payments are distributed between principal and interest over time, and how the loan balance decreases. By answering questions based on the amortization schedule, students will gain insights into loan repayment dynamics and the impact of amortization on financial planning.

Activities:

  • Introduction to Amortization Schedules: Students will receive an overview of amortization schedules, including their purpose and the information they provide about loan repayment.
  • Sample Amortization Schedule: Students will be provided with a sample amortization schedule for a mortgage loan, presented in both tabular and graphical formats.
  • Data Analysis: Students will analyze the amortization schedule to understand how mortgage payments are distributed and how the loan balance decreases over time. They will answer a series of questions based on their analysis.


This worksheet is designed to enhance students' understanding of mortgage loan amortization, providing them with valuable insights into loan repayment and financial planning.


Learning Objective

In this worksheet activity, students will be provided with an amortization schedule and an amortization graph, they will analyze both and answer the given questions.

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 per Classroom$2.00
  • Grade Levels 7, 8, 9, 10
  • Topics Home Loan
  • Duration 15 Minutes
  • Auto Scored? Yes
  • Teacher Evaluation Needed? No