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Brad and Sam take a 30-year mortgage for a house that costs $289889. Assume the following: The annual interest rate on the mortgage is 3.4%.

Brad and Sam take a 30-year mortgage for a house that costs $289889. Assume the following:

The annual interest rate on the mortgage is 3.4%.

The bank requires a minimum down payment of 20% of the cost of the house.

The annual property tax is 1.7% of the cost of the house.

The annual homeowner's insurance is $881.

There is no PMI.

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

Round your answer to the nearest dollar.

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