Maya is buying a house for $220,000. She plans to make a 14 % down payment. Closing costs include $550 for 6 months of homeowners insurance, $1000 for 6 months of property tax, $100 for the title fee, and $400 in transaction fees. Maya also agreed to pay three points in exchange for a 0.75% reduction in interest rate. Determine the amount of money Maya needs to cover closing costs. Round your answer to the nearest cent