Lenny has a home that appraises for $500K. The original mortgage was $400K for 20 years @ 3% interest. He also owes $4,400 per year in property taxes, $125/month in PMI, $650/year in homeowners insurance and has an HOA fee of $200/month. How much is his total monthly housing expense?

Group of answer choices

$7,593.39

$2,964.22

$3,518.82

$3,560.06

$2,432.25