Andre Wheeler wants to know what home price he can afford. His annual gross income is $50,400. He has no other debt expenses and expects property taxes and insurance to cost $410 per month. He knows he can get a 9.50 percent, 15-year mortgage so his mortgage payment factor is 10.44. He expects to make a 25 percent down payment. What is Andre's affordable home purchase price? Note: Do not round intermediate calculations and round your final answer to the nearest $100.