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Brad and Samtake a 30-year mortgage for a house that costs $201,112. Assume the following: The annual interest rate on the mortgage is 3.6%. The

Brad and Samtake a 30-year mortgage for a house that costs $201,112. Assume the following:

  • The annual interest rate on the mortgage is 3.6%.
  • The bank requires a minimum down payment of 10% of the cost of the house.
  • The annual property tax is 1.2% of the cost of the house.
  • The annual homeowner's insurance is $524.
  • 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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