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Economics: Purchasing a Home Discuss this eTheme.

What do you need to purchase a home? What is the difference between APR and APY? How much does a home loan really cost? These websites have information on the process of buying a house and tools to help you make educated decisions along the way. There are lesson activities, guides, and calculators to get you started. Compare property prices and loan rates, calculate long-term interest and points, learn real estate terminology, and more. Includes links to eThemes Resources: Economics: Budgets and Economics: Personal Financing and Budgeting.

Grades

  • 10,
  • 11,
  • 12

Links

This 12-page PDF includes a lesson plan for teaching students about buying a home. Includes a lesson overview, goal, lesson objectives, presentation slides, and learning activities.
This 6-page PDF student activity packet includes activities for teaching students about home buying. Activities topics include: should they rent or buy?; conducting a home inspection; shopping for a mortgage; computing mortgage payments; and a quiz
This 6-page PDF provides teacher notes that correspond with the presentation for teaching the "Buying a Home" Lesson.
This links the Power Point Presentation for teaching the lesson on "Buying a Home."
Students can learn about the hidden costs of large loans, such as car loans or home mortgages, then calculate costs and savings, and evaluate economic decisions in this lesson plan.
This lesson can provide students with an overview of the steps to buying a home for the first time.
Students can investigate the relationship between interest rates and housing costs with this lesson. Students can learn about interest rates, mortgage costs, and Federal monetary policy through these activities.
This lesson explores the relationship between interest rates and economic activity. Through these activities, students can gain an understanding of interest to assist them when making spending or savings decisions.
This 233-page PDF provides an interdisciplinary unit on home building that covers issues related to civics/government, economics, English Language Arts, family and consumer science, math, and science and technology. Includes a foreword, introduction, resources for getting started, teaching strategies, pre-teaching topics, instructional games, sample lessons, alignment with standards, assessments, resources, background information for teachers, and student worksheets.
This multi-section article explains how mortgages work, from qualifying for a loan to foreclosure. Different types of mortgages are explained, along with percentage rates, the history of mortgages, ways to save money on a mortgage, and more. NOTE: This site contains ads.
There is more than one type of mortgage. Which one will be the best for you? Here are basic explanations of the most common mortgage types.
Is it better to buy a house or rent? This site covers the basics of finding and buying a home. NOTE: This site contains ads.
Here is a glossary of terms you may encounter when discussing real estate.
This site covers nine steps to home ownership, including figuring out how much you can afford, knowing your legal rights, how to get a home inspected, and how to shop for insurance. Worksheets and checklists are included to help with the process.
Here is an explanation of annual percentage rate and how to calculate APR. NOTE: This site contains ads.
This site is a guide to shopping for the best mortgage.
What is an adjustable-rate mortgage and how is it different from a fixed-rate mortgage? This site explains what these terms mean and what home buyers need to know about them. Included is a mortgage shopping worksheet to help make comparisons. This information is also available as a printable PDF.
Enter loan information into the calculator to see the true cost of a loan as either a graph or data table. Using this tool will make loan comparisons easier. NOTE: This site contains sponsored links and a pop-up.
This calculator helps determine what annual income is required for a given mortgage amount at a given interest rate. Additional calculators help determine monthly housing costs and liability.
Enter your loan amount, interest rate, and loan period to see your totals. NOTE: This site has sponsored links and ads.
This calculator will produce an amortization table showing the breakdown of each payment over the life of the loan. NOTE: This site contains ads.
Use this site to find and compare houses for sale in your area. See a map of the properties, asking price, and assessed value. Most properties have photos included. NOTE: This site contains sponsored links and ads.
These resources are about budgets and personal financial planning. Here you can find information about the importance of budgeting, separating needs from wants, calculators, and worksheets. There are lessons and activities to give students the opportunity to practice budget decision making, and money management tips for college bound students. Included is an eThemes resource on personal finance for younger students.
These web sites help children understand the value of money, learn about banking, credit cards, and budgeting. Kids learn how to earn and save money, choose a credit card, use checking and savings accounts, and balance personal budgets. Includes worksheets, quizzes, games, online interest inventory, and budget calculators. There are links to eThemes Resources on basic concepts of economics, budgets, owning an ice cream shop, and taxes.

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