G Easy is buying a 195,000.00 condominium apartment in downtown LA. The down payment is 20% ans the balance will be financed with a 20 year fixed rate mortgage at 7.75% and 2% discount points. The annual property Tax is 2950.00, and the hazard insurance premium is 800.00 When G Easy signed the original sales contract he put down 10,000.00 which will be credited to his down payment. In addition, at the time of cloaing he must pay the following expenses. Appraisal Fee of 150.00, credit report fee of 75.00 attorney fee of 500.00 roof inspection of 50.00 termite inspection of 100.00 title search of 125.00 and mortgage insurance premium of 1.5% of amount financed.

Use the following table factor to help solve PITI-7.76

what is the monthly PITI loan?

How much does G Easy need to bring with him to the close of escrow signing?