You bought a house 10 years ago, taking out a $238,000.00 mortgage at a 5.1% interest rate for 15 years. Your monthly payments are $1,894.52 . A. How much will still be owed after making payments for 10 years?

1. I will still owe after making payments for 10 years.

B. If the house's value is now $348,000.00 then how much equity do you have after making payments for 10 years?

1. I will have equity after making payments for 10 years.