Undergraduate research

Mathematical modeling of mortgages

Youngna Choi, Steven Spero

Research output: Contribution to journalArticleResearchpeer-review

Abstract

In this article, we study financing in the real estate market and show how various types of mortgages can be modeled and analyzed. With only an introductory level of interest theory, finance, and calculus, we model and analyze three types of popular mortgages with real life examples that explain the background and inevitable outcome of the current financial crisis.

Original languageEnglish
Pages (from-to)698-711
Number of pages14
JournalPRIMUS
Volume20
Issue number8
DOIs
StatePublished - 1 Nov 2010

Fingerprint

interest theory
real estate market
Financial Crisis
mathematical modeling
Finance
Mathematical Modeling
financial crisis
Calculus
finance
Model
Life
Market
Background

Keywords

  • ARM
  • Amortization
  • Credit default
  • FRM
  • Financial crisis
  • Mortgage
  • Net present value
  • Subprime

Cite this

Choi, Youngna ; Spero, Steven. / Undergraduate research : Mathematical modeling of mortgages. In: PRIMUS. 2010 ; Vol. 20, No. 8. pp. 698-711.
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Undergraduate research : Mathematical modeling of mortgages. / Choi, Youngna; Spero, Steven.

In: PRIMUS, Vol. 20, No. 8, 01.11.2010, p. 698-711.

Research output: Contribution to journalArticleResearchpeer-review

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