Thursday, March 5, 2015

Paid 20% down and took out a five-year mortgage for the balance of the $265,000 price of a home?

After deducting interest, monthly payments toward the principle balance owed on the mortgage was reduced by $2,000.00 each year. If were to sell, it would sell for $215,000. What is the equity in the house?
Added (1). $13,000
$50,000
$163,000
$202,000

Read more: Paid 20% down and took out a five-year mortgage for the balance of the $265,000 price of a home?