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What is the new value of your mortgage

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Question - If you currently owned a  house that was valued at $1,000,000 with only a $200,000 morgage, what is the new value of your mortgage if your house value drops to $950,000?

If you currently owned a  house that was valued at $1,000,000 with only a $200,000 morgage, what is the new value of your your new owners equity if your house value drops to $950,000?

Assume you inherit a condo with market value of $500,000 with a $250,000 mortgage.  If the market value dropped by 5%, what is your new equity worth?

Reference no: EM133127809

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