Ben and Carla Covington plan to buy a condominium. They will obtain a $$220,000,30-$year mortgage at $5$ percent. Their annual property taxes are expected to be $$1,800.$ Property insurance is $$480$ a year, and the condo association fee is $$220$ a month. Based on these items, determine the total monthly housing payment for the Covingtons. Use Exhibit $7-7.($Round your intermediate calculations and final answer to $2$ decimal places.$)$