Suppose you have just purchased your first home for $759,000. At the time of purchase you could only afford to commit to a down payment of $63,000. In order to make the loan, the lender requires you to obtain private mortgage insurance (PMI) on their behalf. Assume the PMI covers the top 39% of the loan and that there are no closing costs or upfront fees aside from the down payment. What is the amount of coverage supplied by the PMI (in other words, what is the maximum loss on the loan before the lender bears any cost)?