Andy wants to buy a new home that costs $$400,000.$ He can borrow money from the bank at an interest rate of $6\mathrm{.}9\%$ compounded monthly. The mortgage is for $30$ years and requires monthly payments. What is Andy's monthly mortgage payment?

Multiple Choice

$$2,634\mathrm{.}40$

$$1,111\mathrm{.}11$

$$3,029\mathrm{.}56$

$$13,333$