12) What is the final monthly Principal and Interest + PMI payment for this home? Principal and Interest Payment Property Taxes Property Insurance $6,740.12 $1,326 $183 $479 Private Mortgage Insurance Total Payment $8,728.12 13) What is the minimum monthly income required to qualify for the loan based on the PITI + PMI using the payment for the 740 or better credit score. They will be limited to not spend more than 31% of their total income on PITI + PMI. Refer to CH 18 Packet WORD document if you need an example. Be sure to show your calculations.