The Home Buying Decision
GPF 301 · Module 1
This module helps students evaluate home buying as a major financial decision rather than an automatic life milestone. It covers rent-versus-buy math, mortgage mechanics, amortization, down payments, PMI, and the full ongoing cost of owning a home.
Lessons in this module
Rent vs. Buy: The Real Calculation
Buying is not always better than renting, and renting is not always throwing money away. This lesson shows how to compare rent and buy decisions using total costs, opportunity cost, and break-even timing.
How Mortgages Work
A mortgage is a long-term loan secured by real estate. This lesson explains principal, interest, amortization, fixed versus adjustable rates, down payments, PMI, and how monthly payments are calculated.
The True Cost of Homeownership
The true cost of owning a home includes much more than the mortgage payment. This lesson explains maintenance, repairs, taxes, insurance, utilities, HOA dues, transaction costs, and cash reserves.
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