If you buy a home with less than $20\%$ down, you will pay an additional monthly fee, PMI $($private mortgage insurance$),$ until you reach $20\%$ equity. Keep track of when you reach $20\%$ equity so you can request to have your PMI removed. Ken Buckmiller's home recently appraised at $$306,000.$ His mortgage was for $$291,000$ at $5\%$ for $30$ years with PMI of $$289\mathrm{.}17$ per month. What is his monthly payment plus PMI? His mortgage balance is currently $$173,800.$ Has he reached $20\%$ equity? $($Use Table $15\mathrm{.}1.)$

Note: Round your intermediate calculations and final answer to the nearest cent.