Ben and Carla Manchester plan to buy a condominium. They will obtain a $217,000, 20-year mortgage at 5.5 percent. Their annual property taxes are expected to be $1,812. Property insurance is $840 a year, and the condo association fee is $275 a month. Based on these items, determine the total monthly housing payment for the Manchesters. Use Exhibit 9-9. (Round time value factor to 2 decimal places and final answer to the nearest whole number.)

Total housing payment:

Torm Rato 30 Yoars 15 Years 3.0% $4.22 25 Yoars $4.74 5.01 20 Yours $5.55 5.80 $6.91 715 3.5 4.49 4.0 4.77 5.28 6.06 7.40 4.5 5.07 5.56 6.33 7.65 5.0 5.37 5.85 6.60 7.91 5.5 5.68 6.14 6.88 8.17 6.0 6.00 6.44 7.16 8.43 6.5 6.32 6.67 7.45 8.71 7.0 6.65 7.06 7.75 8.98 7.5 6.99 7.39 8.06 9.27 8.0 7.34 7.72 8.36 9.56 9.85 OF 8.5 7.69 8.05 8.68