You have taken out a $$232,439,7/1$ ARM. The initial rate of $3\%($annual $-$ compounded monthly$)$ is locked in for $7$ years. Calculate the payment after recasting the loan $($i$.$e$.,$ after the reset$)$ assuming the interest rate after the initial lock period is $8\%.($Note: The term on this $7/1$ ARM is $27$ years.$)$