his year $(10$ years after you first took out the loan$),$ you check your loan balance. Only part of your payments have been going to pay down the loan; the rest has been going towards interest. You see that you still have $$94,743$ left to pay on your loan. Your house is now valued at $$150,000.$

Your current situation

How much of the original loan have you paid off? $($i$.$e$,$ how much have you reduced the loan balance by$?$ Keep in mind that interest is charged each month $-$ it's not part of the loan balance.$)$

How much money have you paid to the loan company so far $($over the last $10$ years$)?$

How much interest have you paid so far $($over the last $10$ years$)?$

How much equity do you have in your home $($equity is value minus remaining debt$)$