第七章住宅融资分析(房地产金融与投资武汉理工大学.pptVIP

Chapter 7 Residential Financial Analysis住宅融资分析How to compare two loans with different loan term如何比较具有不同条款的贷款How to decide whether to refinance or prepay a loan如何判定是否再融资How to decide whether a loan assumption is desirable贷款的代偿债务是否合理第一页，共三十九页。 7.1 Incremental Borrowing Cost 增量借款成本Example: A lender willing to make a 80% first mortgage loan, or $80000,for 25 years at 12% interest. The same lender is also willing to lend 90%,or $90000, for 25 years at 13% interest. Both are CPMs. How should the borrower compare these alternatives?第二页，共三十九页。 增量借款成本计算Loan Amount Loan Constant Month