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Ben and Carla Covington plan to buy a condominium. They will obtain a $ 2 3 1 , 0 0 0 , 2 5 -

Ben and Carla Covington plan to buy a condominium. They will obtain a $231,000,25-year mortgage at 7.0 percent. Their annual property taxes are expected to be $2,150. Property insurance is $590 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 Exhibit 7-7.(Round your intermediate calculations and final answer to 2 decimal places.)
Total monthly housing payment
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