Ben and carla covington plan to buy a condominium. they will obtain a $227,000, 20-year mortgage at 6.5 percent. their annual property taxes are expected to be $1,250. property insurance is $650 a year, and the condo association fee is $230 a month. based on these items, determine the total monthly housing payment for the covingtons. use exhibit 7-7. (round your intermediate calculations and final answer to 2 decimal places.) use a calculator, instead of exhibit 7-7.