Suppose you take out a $30-$year mortgage for a house that costs $$275,244.$ Assume the following:

The annual interest rate on the mortgage is $4\mathrm{.}7\%.$

The bank requires a minimum down payment of $18\%$ at the time of the loan.

The annual property tax is $2\mathrm{.}2\%$ of the cost of the house.

The annual homeowner's insurance is $1\mathrm{.}3\%$ of the cost of the house.

There is no PMI

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