I am struggle with the following word problem:

Duane Miller wants to know what price home he can afford. His gross annual income is $63,600. He has no other debt expenses and expects property taxes and insurance to cost $410 per month. He knows he can get a 9.50% 15 year mortgage so his mortgage payment factor is 10.44. He expects to make a 20% down payment. What is Duane's affordable home purchase price?

This is what I can figure out:

$63,600 / 12 = 5300

$5300-$410=1060

I am stuck on the next step !!!

Thanks in advance