Ben and Caria Covington plan to buy a condominium. They will obtain a $231000, 25 year mortgage at 70 percent. Their annual property taxes are expected to be $2.150. Property Insurance is 5590 a year, and the condo association fee is $275 a month. Based on these items determine the total monthly housing payment for the Covingtons. Use LZ (Round your intermediate calculations and final answer to 2 decimal places.) Total montre housing payment Term Rate 30 Years 25 Years 20 Years 15 Years 30% $4.74 $5.55 $6.91 Exhibit 7-7 Mortgage Payment Factors (principal and interest factors per $1,000 of loan amount) 3.5 $422 4.49 4.77 501 5 80 2.15 4.0 5.28 606 7.40 4.5 5.07 5.56 5.33 765 5.0 5.37 5.85 6.60 7.91 5.68 6.14 638 8.17 5.5 60 6.00 6.44 7.16 8.44 6.5 6.32 6.75 7.46 7.0 6.65 7.07 7.75 8.99 7.5 6.99 7.39 8.06 8.36 BO 7.34 7.72 9.56