Please help me with this question

Question 20 2 pts In 2022, you bought a home at a price of $600,000. You made an initial down payment of $100,000 and took out a $500,000 mortgage to finance the remaining balance. The home is now worth $700,000 (based on comparable properties in the neighborhood) and your outstanding mortgage is $480,000. Your equity in this home is therefore: O $600,000 $220,000 $700,000 O $120,000 $100,000