What’s Wrong With The Brakes On My ’97 Nissan Sentra

Hi. I am without a doubt that I will have to go to my mechanic. I just want some advice so I walk in the door prepared. My brake light came on and the brakes are pushing all the way to the floor. When I put new fluid in the resevoir (I checked and it was needed) I pumped the brakes a few times in the driveway, backed the car up, and could clearly see where the fluid had leaked straight onto the ground. What’s wrong with my brakes and is this going to cost me an arm and a leg right before Christmas? I have access to a garage bay. Any DYI advice? I have experience changing my pads, so I’m not completely mechanically incompetent.
Thanks for any help!

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