Juan is planning to purchase a $156000 home using an FHA loan that requires 10% down. He's got enough money saved up for the down payment as well as the 1.75% upfront mortgage insurance premium he'll have to pay to get the loan. Each month for the first 11 years of this loan, Juan will need to make monthly mortgage insurance premium payments that will annually average to 1.2% of the original loan principle.



How much will Juan pay in total (including the upfront and ongoing costs) for mortgage insurance?