You want to purchase a new condominium that costs $287,500. Your plan is to pay 25 percent down in cash (in other word, 25% of total cost $287,500) and finance the balance (in other word, 75% of total cost $287,500) over 18 years at 2.75 percent. What will be your monthly mortgage payment including principal and interest?

Round up your answer to the 2nd decimal in $.