You are buying a condominium today! You will go to your lawyer's office to sign all the paperwork, including the loan documents. To buy the condo, you are taking out a mortgage of $263,000. The mortgage is an amortizing loan with an APR of 7.8 percent. Payments will be made monthly and your first payment will be one month from now. Your final payment will be 28 years from now. What is your monthly payment