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MM Zillow Mortgage Practice

MM Zillow Mortgage Practice

Assessment

Presentation

Mathematics

12th Grade - University

Medium

CCSS
5.NBT.B.7, 6.NS.B.3, 7.RP.A.3

+4

Standards-aligned

Created by

Julie Johnson

Used 5+ times

FREE Resource

9 Slides • 24 Questions

1

Modern Math Mortgage Practice

by Julie Johnson

2

​Woodridge House

3

Open Ended

How much do you think this house is on the market for?

4

media
  • ​Monthly Income: $9,520

  • ​House Insurance per month: $120

  • ​Taxes per month: $625

  • ​Car payment(s): $315

  • ​Student loans: $450

  • ​20% Down Payment

  • 3.4% interest for 30 years

​Woodridge House

5

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6

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7

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8

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9

Fill in the Blanks

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10

Multiple Choice

Using the 28% rule, would the bank give this loan?

1

YES :-)

2

NO :-(

11

Florida Keys House

12

Open Ended

How much do you think this house is on the market for?

13

Florida Keys House

media
  • ​Monthly Income: $13,000

  • ​House Insurance per month: $216

  • ​Taxes per month: $108

  • ​Car payment(s): $410

  • ​Student loans: None!

  • ​​15% Down Payment

  • 3.1% interest for 30 years

14

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15

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16

Fill in the Blanks

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17

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18

Fill in the Blanks

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19

Multiple Choice

Using the 28% rule, would the bank give this loan?

1

YES :-)

2

NO :-(

20

Fort Myers House

21

Open Ended

How much do you think this house is on the market for?

22

​Fort Myers House

  • ​Monthly Income: $10,300

  • ​House Insurance per month:

  • ​Taxes per month: $380

    ​​20% Down Payment

  • 3.1% interest

media

23

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24

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25

Denver House

26

Open Ended

How much do you think this house is on the market for?

27

​Denver House

  • ​Monthly Income: $7000

  • ​House Insurance

per month: $201

  • ​Taxes per month: $101

  • ​Car payment(s): $250

  • ​Student loans: $375

  • ​10% Down Payment

  • 3.52% interest for 30 years

media

28

Fill in the Blanks

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29

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30

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31

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32

Fill in the Blanks

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33

Multiple Choice

Using the 28% rule, would the bank give this loan?

1

YES :-)

2

NO :-(

Modern Math Mortgage Practice

by Julie Johnson

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