You have found a house you want to buy. You obviously don't have the amount of money to pay cash for the house, so you will have to borrow the money as part of a mortgage loan. The asking price for the house is $922,237. You can afford $91,756 as a down payment. The amount you are borrowing is therefore $922,237 - $91,756. Your mortgage broker is offering an interest rate of 5.61%. You want to pay off the house is 26 years. Based on these figures, what would be your base monthly payment amount.

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