You have just sold your house for $1,100,000 in cash. Your mortgage was originally a30-year mortgage with monthly payments and an initial balance of $700,000. The mortgage is currently exactly18 yearsold, and you have just made a payment. If the interest rate on the mortgage is 6.25% (APR), how much cash will you have from the sale once you pay off themortgage? (Note: Be careful not to round any intermediate steps less than six decimalplaces.)

Cash that remains after payoff of mortgage is $_____(Round to the nearestdollar.)