Mortgage refinancing: the interaction of break even period, taxes, NPV, and IRR
This paper develops a refinance model that provides pertinent information for investors about refinancing their mortgage. We discuss the input variables and how to compute the breakeven number of months when deciding to refinance a mortgage. We incorporate the interest rate tax effects that are norm...
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| Veröffentlicht in: | Financial services review (Greenwich, Conn.) Conn.), 2007-10, Vol.16 (3), p.197 |
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| creator | Fo Michelson, Stuart Smith, Stanley D Weaver, William |
| description | This paper develops a refinance model that provides pertinent information for investors about refinancing their mortgage. We discuss the input variables and how to compute the breakeven number of months when deciding to refinance a mortgage. We incorporate the interest rate tax effects that are normally ignored by investors when making their refinancing decision. We also compute the net present value and internal rate of return to allow one to analyze refinancing as an investment decision. Additionally we have developed an Excel model, complete with automated macros, to perform this analysis. [PUBLICATION ABSTRACT] |
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| fulltext | fulltext |
| identifier | ISSN: 1057-0810 |
| ispartof | Financial services review (Greenwich, Conn.), 2007-10, Vol.16 (3), p.197 |
| issn | 1057-0810 1873-5673 |
| language | eng |
| recordid | cdi_proquest_journals_212051812 |
| source | EBSCOhost Business Source Complete |
| subjects | Analysis Discount rates Financial analysis Financial planning Home loans Homeowners Interest rates Internal rate of return Management Mortgages Net present value Present value Rate of return Rates of return Refinancing Safety and security measures Simulation Spreadsheets Studies |
| title | Mortgage refinancing: the interaction of break even period, taxes, NPV, and IRR |
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