A borrower has a $83000 loan with the "Easy-Credit" Finance Company. The loan is to be repaid over 26 years via monthly payments at 3.5%/year compounded monthly. Just after the 78th payment, the borrower learns that his local bank would lend him money at 1.5%/year compounded monthly. Assuming that the contract stipulates an early repayment penalty equal to 3 months' interest on the outstanding balance at the time of refinancing, what would be the new monthly payment?