https Exhibit 7-7 20 Years 15 Years 25 Yours 30 Years Tern Rate Mortgage Payment Factors (principal and interest factors per $1,000 of loan amount) $6.91 $5.55 $4.74 $4.22 3.0% 7.15 5.80 5.01 4.49 3.5 7 40 6.06 5.28 4.77 4.0 7.65 6.33 5.56 5.07 4.5 7.91 6.60 5.85 5.37 5.0 6.88 8.17 5.68 6.14 5.5 8.43 7.16 6.44 6.00 6.0 8.71 6.32 6.67 7.45 6.5 8.98 7.75 6.65 7.06 7.0 9.27 8.06 7.5 6.99 7.30 9.56 8.0 7.34 7.72 8.36 Ben and Carla Covington plan to buy a condominium. They will obtain a $155,000, 20-year mortgage at 7.5 percent. Their annual property taxes are expected to be $950. Property insurance is $670 a year, and the condo association fee is $210 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