House Appreciation and Mortgage Payments Say that you purchase a house for $400,000 by getting a mortgage for $320,000 and paying a $80,000 down payment A. If you get a 20-year mortgage with a 4 percent interest rate, what are the monthly payments? B. What would the loan balance be in ten years? C. If the house appreciates at 6 percent per year, what will be the value of the house in ten years? D. How much equity do you have in the house after ten years? E. How much is the house worth after twenty years, when the mortgage is paid off? +