What do you add up to make equity?

caymanss · Joined: 02 Dec 2007 Posts: 3 2.53 Dollars($)

Is my down payment part of equity?

kpatrick · Posted: Mon Dec 03, 2007 8:49 pm Post subject:

Hi Caymanss,

Yes, your down payment is part of your equity and the way you determine the amount of equity that you have is by taking the current value of your home and subtracting the amount you owe on it.

So your equity changes daily...and these days, it can be dramatic. But in a normal selling market, it should steadily increase over time.

evolovik26 · Posted: Mon Dec 03, 2007 9:37 pm Post subject:

you add value
basically your equity is the difference between your home value and the amount you owe for the home

lisascherzer · Joined: 04 Jan 2008 Posts: 755 1.03 Dollars($)

Yes, equity is the difference between the home value and what you owe on it.

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