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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
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 4% per year. I want to pay off the bank and be debt free. How much must you pay the bank to extinguish your loan? Question 15 options: $38,543 $13,876.49 $54,000 cannot provide answer as we do not know what the house purchase amount was! $57,600 $26,987.12 $50,400
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