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Need some insight

So back in 2022 we moved and bought a house listed at 240k with a 30k down payment on a 30 year mortgage. 7% interest rate. Current payment is about $2,100 monthly. I was making extra payments to principle so it went down from a 210k loan to about 190k.

So do i technically have about 50k in equity?

Another question is if i sell at about the same price while the interest rates are lower like 3%. Does that mean that i will be losing money? If so about how much would that likely be?

Fortunately we came into some land the family has so we are projecting a move next year. But i want to know if i will lose all my equity or if i will still come out with some money to pay off a nice mobile home and be mortgage free. At a 50k difference this could be the difference between being set up for success or needing to make some tough choices.

submitted by /u/Status-Development-4
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source https://www.reddit.com/r/RealEstate/comments/1ghq102/need_some_insight/
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