The Duration of Negative Equity Varies
Months Loan balance Depreciated value
0 20 17
3 19 16
6 18 15
9 17 14
12 16 13
15 15 12.5
18 14 12
21 13 11.5
24 12 11
27 11 10.5
30 10 10
33 9 9.5
36 8 9
39 7 8.5
42 6 8
45 5 7.5
48 4 7
51 3 6.5
54 2 6
57 1 5.5
60 0 5
Source: Federal Deposit Insurance Corporation