A mutual fund manager wishes to purchase a property that's been valued at $1.5 m. She has $200,000 in cash to use as a deposit, and she will require a mortgage for the rest, which is to be paid monthly. The annual interest rate on the loan is 2.45% and the loan is for 25 years. Calculate the total interest paid over the lifetime of the loan. Round your answer to the nearest hundred dollars. Do NOT round until you have calculated the final answer.