Ms. Roselle obtains a 30-year, $270,000 fully-amortizing mortgage loan, with payments to be made at the end of each month. The payments on this 7/23 two-step hybrid loan are to remain the same every month for the first seven years, and then can change annually with changes in market interest rates in each of years 8 30. The loans initial interest rate is presented as an annual percentage rate (APR) of 5.28%. If the rate then changes to an APR of 4.92% at the first reset date (the start of year 8), what monthly payment will be owed during each month of year 8?