Maya is buying a house for $130,000. She plans to make a 18 % down payment. Closing costs include $550 for 6 months of homeowners insurance, $850 for 6 months of property tax, $125 for the title fee, and $400 in transaction fees. Maya also agreed to pay two points in exchange for a 0.5 % reduction in interest rate. Determine the amount of money Maya needs to cover closing costs. Round your answer to the nearest cent.