Cost of Condo. Matt has found a condominium in an area where he would enjoy living. He would need a $$5,100$

down payment from his savings and would have to pay closing costs of $$2,492$ to purchase the condo. His monthly

mortgage payments would be $$513$ including property taxes and insurance. The condominium's homeowner's

association charges maintenance fees of $$398$ per year. Calculate the cost of Matt's condo during the first year if he

currently has the $$5,100$ 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.$)$