Adam purchases a house and gets a 20 -year mortgage for $175,000 at 5% APR. In addition to the monthly payment, the lender requires him to pay into an escrow account for the homeowners insurance and property tax. His homeowners insurance is $1300 per year and the property tax is $1800 per year. Determine the monthly payment to the lender that includes the insurance and property tax. Round your answer to the nearest cent