You bought a house exactly $16$ years ago. You borrowed money under a $30$ year mortgage from Wintrust to buy the house. Your monthly payment is $$300.$ The loan has a fixed rate of $6\%$You bought a house exactly $16$ years ago. You borrowed money under a $30$ year mortgage from Wintrust to buy the house. Your monthly payment is $$300.$ The loan has a fixed rate of $6\%$ per year. You want to pay off the bank and be debt free. How much must you pay the bank to extinguish your loan? per year. You want to pay off the bank and be debt free. How much must you pay the bank to extinguish your loan?