Enrich your classroom today with dynamic, engaging activities! Create your free teacher account now.

Amortization Schedule-Mortgage Loan

(*)(*)(*)(*)(*) ( 4.2, 85 students)
image
  • 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

The focus of this activity is to provide students with hands-on experience in analyzing amortization schedules, a crucial aspect of mortgage loans. During this exercise, students will delve into an actual amortization schedule, which breaks down how each monthly payment is distributed between interest and principal repayment over the life of a home loan. By examining this schedule, students will gain valuable insights into how home loans work and how borrowers gradually build equity in their homes.


Following the analysis of the amortization schedule, students will be presented with a set of review questions. These questions will not only test their understanding but also encourage critical thinking about the financial aspects of homeownership and loan management.

Learning Objective

Students will gain a comprehensive understanding of what an amortization schedule is and how it functions in the context of home loans. They will learn how monthly payments are structured to pay down both the interest and principal portions of a home loan.

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