Question 1 of 15, Step 1 of 1 0/15 Correct Maya is buying a house for $250,000. She plans to make a 18% down payment. Closing costs include $550 for 6 months of homeowners insurance. S1200 for 6 months of property tax S125 for the title fee, and $350 in transaction fees. Maya also agreed to pay four points in exchange for a 1 % reduction in interest rate Determine the amount of money Maya needs to cover closing costs. Round your answer to the nearest cent