Brad and Sam take a 30-year mortgage for a house that costs $169,675. Assume the following:

• The annual interest rate on the mortgage is 4.4%.
• The bank requires a minimum down payment of 18% of the cost of the house.
• The annual property tax is 1.4% of the cost of the house.
• The annual homeowner's insurance is $979.
• There is no PMI.

If they make the minimum down payment, what will their monthly PITI be?

Round your answer to the nearest dollar.

Suppose you take a 15-year mortgage for a house that costs $269,848. Assume the following:

• The annual interest rate on the mortgage is 4.2%.
• The bank requires a minimum down payment of 10% of the cost of the house.
• The annual property tax is 1.4% of the cost of the house.
• The annual homeowner's insurance is $889.
• The monthly PMI is $83.

If you make the minimum down payment, what is the minimum gross monthly salary you must earn in order to satisfy the 28% rule?

Round your answer to the nearest dollar.