Mr. James has built manyl houses and is offering buyers mortgage rates of 10% with a 15 year term. Current rates are 10.75%. Fourth National Bank will provide the loans, if Mr. James pays an equivalent amount up front to buy down the interest rate. If a house is sold for $340,000 with a 90% loan, how much would Mr. James have to pay to buy down the loan? (Discount the difference in payments at the current market rate)