A buyer wishes to purchase a home that costs $187,000. The bank offers the buyer an option to pay 5% down if the buyer will purchase PMI for $2,000. The bank tells the buyer that the cost for PMI will be added to the loan amount. The buyer accepts the offer. There is 1 point due at the time of closing on the loan. What is the closing cost for the loan? Round your answer to the nearest hundredth place.