Brad and Sam take a 30-year mortgage for a house that costs $194,531. Assume the following:

The annual interest rate on the mortgage is 5%.

The bank requires a minimum down payment of 11% of the cost of the house.

The annual property tax is 1.9% of the cost of the house.

The annual homeowner's insurance is $548.

There is no PMI.

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

Round your answer to the nearest dollar.