Assume the fоllоwing mоrtgаge loаn informаtion: initial loan amount, $600,000; amortization period, 30 years with level monthly payments; contract interest rate, 6.0% (which was “locked-in” 45 days prior to the loan closing). The monthly payment on this loan will be $3,597.303. The borrower will pay up-front financing costs to the originating lender that total 3.0% of the initial loan amount. Assume the loan closing is today. If the market interest rate on this type of mortgage today is 5.00%, what is the market value of this mortgage (rounded to the nearest dollar) in the secondary mortgage market (SMM) assuming investors in the SMM expect this borrower to pay off the loan after 8 years?