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Reply to "Calculating how much to claim for portion of house value during divorce"
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[quote=Anonymous][quote=Anonymous]OP here. I don't have any of the mortgage documents and it may take a long while to get access to them. Is there some decent way to at least come up with a rough estimate of how much equity would have been paid down between year X and year Y? I know the initial purchase price, I am guessing the down payment amount was about 20%. I also know how the house value changed over time, and roughly what the monthly mortgage payment was. I think it is a 30-year mortgage, like most mortgages. I can probably look up historical interest rates and take a guess at the interest rate too. Does it make sense that I can come up with a reasonable rough figure by plugging all that into some formula, or are there just too many unknowns?[/quote] Where is the house? Look at the recorder of deeds. The info about the original mortgage, amount, amount of downpayment, terms etc, should be available online (though that depends by state). In DC it is available online.[/quote]
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