If an adjustable-rate 30-year mortgage for $121,000 starts at 6.0 percent and increases to 6.5 percent, what is the increase in the monthly payment amount? Use Exhibit 7-7. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

my mistake, here's figure 7-7

Term Rate 30 Years 25 Years 20 Years 15 Years 3.0% Exhibit 7-7 Mortgage Payment Factors (principal and interest factors per $1,000 of loan amount) $4.22 $4.74 $5.55 $6.91 3.5 4.49 5.01 5.80 7.15 4.0 4.77 5.28 6.06 7.40 4.5 5.56 6.33 7.65 5.07 5.37 5.0 5.85 6.60 7.91 5.5 5.68 6.14 6.88 8.17 6.0 6.00 6.44 7.16 8.44 6.5 6.75 7.46 8.71 6.32 6.65 7.0 7.07 7.75 8.99 7.5 6.99 7.39 8.06 9.27 8.0 7.34 7.72 8.36 9.56