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This Consumer Math/ Life Skills Unit focuses on Renting vs. Owning a Home, while comparing and covering the pros and cons of renting vs. owning. There are 28 pages with over 100 problems! This unit also shows the students how interest rates can increase or decrease your mortgage. It also compares 15 year mortgages to 30 year mortgages as well as fixed-rate mortgages vs. variable-rate mortgages. Use this lesson to help prepare your students for real life! 

This unit includes the following:

  • Living On Your Own
  • Vocabulary (18 vocab terms) and Vocab Matching
  • Renting a Home or Apartment Reading Passage
  • Questions To Ask a Landlord
  • Renter’s Rule (how to calculate)
  • Owning a Home Reading Passages
  • Buying a Home Process
  • Banker’s Rule (how to calculate)
  • Calculating the Down Payment
  • Calculating Mortgage Payments
  • Vocabulary fill in the blanks, Vocab Review
  • Total Interest Paid
  • Renting vs. Owning
  • Things to Consider
  • Reflection