You have just signed a contract to purchase your first house. The price is $200,000 and you have applied for a $100,000, 24-year, 4.9% loan. Annual property taxes are expected to be $6,886. Hazard Insurance costs $561 per year. Your car payment is $350, with 26 months left. Your monthly gross income is $4,625. What is your monthly payment of principal and interest?

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