You bought a home 8 years ago for $410,000 and got a $380,000 mortgage loan. You spent $34,000 on improvements. The balance on your first mortgage is currently $340,100 and you have a second mortgage...

You bought a home 8 years ago for $410,000 and got a $380,000 mortgage loan. You spent $34,000 on improvements. The balance on your first mortgage is currently $340,100 and you have a second mortgage with a balance of $24,400. Your home is now worth 575,000. Calculate your equity.