Nine years ago, you purchased a house for $270,000. The house has a current market value of $479,000. You put a down payment of $20,000 when you purchased the house and financed the remaining $250,000. Over the past 9 years, you have paid off $35,000 of the balance on the mortgage. What is your equity in the house? $264,000$55,000$244,000$209,000