If the mortgage loan is 80% of the appraised value of a house and the interest rate of 6% amounts to $460 for the first month, what is the appraised value of the house?

In this episode of Spruce answers we have a difficult appraisal value to figure out from a very limited amount of data. It’s a multi step problem of real estate math to numb anyone’s brain but we welcome it with open arms and show you step by step how to conquer it.

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