Rick Rueta purchased a $98,000 home at 7.5% for 30 years with a down payment of $25,000. His annual real estate tax is $1,896 along with an annual insurance premium of $1,056. Ricks bank requires that his monthly payment include an escrow deposit for the tax and insurance. What is the total payment each month for Rick?

TABLE 15-1 Amortization table (mortgage principal and interest per $1,000) INTEREST Term in years 31% 5% 51% 6% 7% 72% 8% 81% 9% 10% 101% 11% 10 9.89 10.61 10.86 11.11 11.36 11.62 11.88 12.14 12.40 12.67 12.94 13.22 13.50 13.78 12 8.52 9.25 9.51 9.76 10.02 10.29 10.56 10.83 11.11 11.39 11.67 11.96 12.25 12.54 15 7.15 7.91 8.18 8.44 8.72 8.99 9.28 9.56 9.85 10.15 10.45 10.75 11.06 11.37 17 6.52 7.29 1.56 7.84 8.12 8.40 8.69 8.99 9.29 9.59 9.90 10.22 10.54 10.86 20 5.80 6.60 6.88 7.17 7.46 7.76 8.06 8.37 8.68 9.00 9.33 9.66 9.99 10.33 22 5.44 6.20 6.51 6.82 7.13 7.44 7.75 8.07 8.39 8.72 9.05 9.39 9.73 10.08 25 5.01 5.85 6.15 6.45 6.76 7.07 7.39 7.72 8.06 8.40 8.74 9.09 9.45 9.81 30 4.50 5.37 5.68 6.00 6.33 6.66 7.00 7.34 7.69 8.05 8.41 8.78 9.15 9.53 35 3.99 5.05 5.38 5.71 6.05 6.39 6.75 7.11 7.47 7.84 8.22 8.60 8.99 9.37