A house is sold with an assumable $156,000 below-market loan at 10% for a term of 15 years by a construction company. Current rates are 12% for 15 year mortgages. If the house in the market without any special financing is sold for $240,000, what is the

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A house is sold with an assumable $156,000 below-market loan at 10% for a term of 15 years by a construction company. Current rates are 12% for 15 year mortgages. If the house in the market without any special financing is sold for $240,000, what is the cash-equivalent value of the house of the construction company? (Answer is rounded)

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A house is sold with an assumable $156,000 below-market loan at 10% for a term of 15 years by a construction company. Current rates are 12% for 15 year mortgages. If the house in the market without any special financing is sold for $240,000, what is the

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