Unpacked Content
Knowledge
Students know:
- how to calculate the cost of renting a house for a period of time.
- how to calculate the cost of purchasing a house with a mortgage.
- how to organize data on housing costs.
- how to compare and contrast housing cost data.
Skills
Students are able to:
- Calculate the cost of renting a house.
- Calculate the cost of renting to own a house.
- Calculate the cost of a house through a mortgage purchase.
- Calculate the cost of a house through a cash purchase.
- Compare and contrast the cost of purchasing a home using different methods.
Understanding
Students understand that:
- there are many ways to pay for housing. Each method has advantages and disadvantages for individuals.
Vocabulary
- Rent
- Lease to Purchase
- Mortgage
- Interest Rate
- Down Payment
