Suppose you take out a $30-$year mortgage for a house that costs $$263,480.$ Assume the following:

The annual interest rate on the mortgage is $4\mathrm{.}3\%.$

The bank requires a minimum down payment of $11\%$ at the time of the loan.

The annual property tax is $1\mathrm{.}8\%$ of the cost of the house.

The annual homeowner's insurance is $1\mathrm{.}1\%$ of the cost of the house.

There is no PMI

If you make the minimum down payment, what will your monthly PITI be$?$

Round your answer to the nearest dollar.