Word Problem $15-10($Algo$)[$LU $15-1(2)]$

If you buy a home with less than $20\%$ down, you will pay an additional monthly fee, PMI $($private mortgage insurance$),$ until you reach $20\%$ equity. Keep track of when you reach $20\%$ equity so you can request to have your PMI removed. Ken Buckmiller's home recently appraised at $$295,000.$ His mortgage was for $$280,000$ at $5\%$ for $30$ years with PMI of $$279\mathrm{.}17$ per month. What is his monthly payment plus PMI? His mortgage balance is currently $$181,700.$ Has he reached $20\%$ equity? $($Use Table $15\mathrm{.}1.)$

Note: Round your intermediate calculations and final answer to the nearest cent.

$\backslash$table$[[$Monthly payment$],[$Has he reached $20\%$ equity?$]]$