Brad and Sam take a 30-year mortgage for a house that costs $154,599. Assume the following:

• The annual interest rate on the mortgage is 3.6%.
• The bank requires a minimum down payment of 11% of the cost of the house.
• The annual property tax is 1.5% of the cost of the house.
• The annual homeowner's insurance is $639.
• There is no PMI.

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