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You have just sold your house for $ 9 5 0 , 0 0 0 in cash. Your mortgage was originally a 3 0 -

You have just sold your house for $950,000 in cash. Your mortgage was originally a 30-year mortgage with monthly payments and an initial balance of $800,000. The mortgage is currently exactly 18.5 years old, 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 the mortgage? (Ignore any real estate transaction costs.)
1.The monthly discount rate is ____%.(Round to five decimal places.)
2.The monthly payment for the original loan is $ ____.(Round to the nearest cent.)
3.The remaining balance on the original mortgage loan is $ _____.(Round to the nearest cent.)
4.The cash that remains after payoff of the mortgage is $ _____.(Round to the nearest cent.)

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