Question

This year (10 years after you first took out the loan), you check your loan balance. Only part of your payments have been going to pay down the loan; the rest has been going towards interest. You see that you still have $88,536 left to pay on your loan. Your house is now valued at $140,000.

Answer 1

If you see that you still have $88,536 left to pay on your loan, and your house is now valued at $140,000, so you have paid less than the half of the loan.