Cost of Condo. Matt has found a condominium in an area where he would enjoy living. He would need a $4,100 down payment from his savings and would have to pay closing costs of $1,896 to purchase the condo. His monthly mortgage payments would be $445 including property taxes and insurance. The condominium's homeowner's association charges maintenance fees of $322 per year. Calculate the cost of Matt's condo during the first year if he currently has the $4,100 down payment invested in an account earning 5% interest. The cost before tax benefits of Matt's condo during the first year is $. (Round to the nearest dollar.)