The buyers are moving into their new home on September 15. The purchase price was $140,000 and they put $28,000 down, making their first mortgage $112,000. Property taxes for escrow the first year were set at $315 per month, and their hazard insurance premium was $1,200. The settlement agent has informed them that the lender will require an escrow account for taxes and insurance. The lender requires two months' initial deposit at closing. How much will the settlement agent collect to set up the escrow account at closing