The sennheiser e2 is a wireless lavalier, they’re used for things like interviews etc, the receiver usually connects to a preamp/recorder. Not sure where $700 came from, you’d be fine with the $50 Rode one that I linked to. A lav mic is much much better than using the iPad internal mic to record...
Try a lavalier mic (lapel mic) like this, it’ll record onto an iPhone and you can sync up audio and video in post production. Rode mics are very good.
https://www.amazon.co.uk/Rode-Smartlav-Lavalier-Microphone-Smartphone/dp/B00EO4A7L0/ref=sr_1_3?ie=UTF8&qid=1548007393&sr=8-3&keywords=rode+smartlav
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