To calculate the payoff amount of your mortgage, we'd need to consider several factors, including the duration of the mortgage (terms) and how many payments you have already made. The payoff amount typically includes the remaining principal balance, any accrued interest, and possibly other fees if applicable.
Here's a simplified way to estimate your remaining balance:
1. **Original Loan Amount**: $278,000
2. **Interest Rate**: 3% annually
3.