Several years ago, Bill Smith borrowed $$125,000$ to buy his house. He has a $15$ year, monthly payment mortgage with an interest rate of $8\mathrm{.}75$ percent per annum. Bill is thinking about refinancing his house so he would like to know the payoff on his current loan. Assuming that he just made payment number $97,$ compute the payoff on Bill's loan.

Round your answer to $2$ decimal places